Silver Bow CEO granted 150K options at $8.86
Rhea-AI Filing Summary
SILVER BOW MINING CORP. (SBMT) reported that Chief Executive Officer and director Charles Travis Naugle received equity awards. He was granted 150,000 stock options to buy Common Shares at $8.86 per share, expiring on August 26, 2031, vesting one-third on each anniversary of the grant date, subject to continued service. He also received 3,611 Restricted Stock Units that convert into Common Shares upon a change in control, a sale of a majority of assets, or his departure from the Board. Following these awards, he holds 113,611 Common Shares directly and 43,799 Common Shares indirectly through a 401(k) plan, plus the new option grant.
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Insider Trade Summary
Net Buyer: 3,611 shares
Net Buy
3 txns
Insider
Naugle Charles Travis
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F2 | 150,000 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1 | 3,611 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 150,000 shares (Direct);
Common Shares — 113,611 shares (Direct);
Common Shares — 43,799 shares (Indirect, By 401(k) plan)
Footnotes (2)
- F1. Restricted Stock Units ("RSUs"). 100% of the RSUs will vest and be convertible into Common shares upon the earliest of (i) a change in control of the Issuer; (ii) a sale of the majority of the Issuer's assets,; or (iii) the departure of the Reporting Person from the Board of Directors of the Issuer.
- F2. Stock options vest as follows: one-third on the first anniversary of the grant date, and one-third on each subsequent anniversary, subject to continued service.
Key Figures
Stock options granted: 150,000 stock options
Option exercise price: $8.86 per share
Option expiration date: 2031-08-26
+3 more
6 metrics
Stock options granted
150,000 stock options
Grant to CEO on August 26, 2026, exercisable for Common Shares
Option exercise price
$8.86 per share
Conversion or exercise price for 150,000 stock options
Option expiration date
2031-08-26
Expiration of stock options granted to CEO
RSUs granted
3,611 Common Shares equivalent
Restricted Stock Units granted to CEO on August 26, 2026
Direct Common Shares after transaction
113,611 Common Shares
Direct holdings of CEO following RSU grant
Indirect Common Shares (401(k) plan)
43,799 Common Shares
Indirect holdings by CEO through 401(k) plan as of August 26, 2026
Key Terms
Restricted Stock Units ("RSUs"), change in control, Stock Option (Right to Buy), 401(k) plan, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs"). 100% of the RSUs will vest"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
change in control financial
"vest and be convertible into Common shares upon the earliest of (i) a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
401(k) plan financial
"nature_of_ownership": "By 401(k) plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
vesting financial
"Stock options vest as follows: one-third on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity awards did SBMT grant to CEO Charles Travis Naugle on August 26, 2026?
On August 26, 2026, SBMT granted Charles Travis Naugle 150,000 stock options at an exercise price of $8.86 per share, expiring August 26, 2031, and 3,611 Restricted Stock Units that convert into Common Shares upon specified vesting conditions.
What is the vesting schedule for the new SBMT stock options granted to the CEO?
The 150,000 SBMT stock options granted to the CEO vest one-third on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service, and they expire on August 26, 2031.
When do the 3,611 SBMT RSUs granted to the CEO vest?
The 3,611 RSUs vest and convert into Common Shares upon the earliest of a change in control of SBMT, a sale of a majority of SBMT’s assets, or the CEO’s departure from the Board of Directors.
What is the exercise price of the SBMT stock options granted to the CEO?
The stock options granted to the CEO have an exercise price of $8.86 per share for 150,000 underlying Common Shares and expire on August 26, 2031, with vesting in three equal annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
