CFO at Silver Bow Mining (SBMT) receives 15K stock options at $11.50
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Bow Mining Corp. reported that Chief Financial Officer Wade Newton received a grant of stock options. The award covers 15,000 stock options to buy common shares at an exercise price of $11.50 per share, expiring on May 19, 2031.
These options vest in three equal parts: one-third on the first anniversary of the grant date and one-third on each of the next two anniversaries, as long as he continues in service. Following this grant, he holds 15,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Black Wade Newton
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 15,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 15,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 15,000 options
Exercise price: $11.50 per share
Underlying shares: 15,000 common shares
+2 more
5 metrics
Options granted
15,000 options
Stock option grant to CFO Wade Newton
Exercise price
$11.50 per share
Stock options exercise price for common shares
Underlying shares
15,000 common shares
Shares purchasable upon option exercise
Expiration date
May 19, 2031
Option term end date
Holdings after grant
15,000 options
Total stock options held following transaction
Key Terms
Stock Options (Right to Buy), exercise price, expiration date, vesting
4 terms
Stock Options (Right to Buy) financial
"security_title: "Stock Options (Right to Buy)""
exercise price financial
"conversion_or_exercise_price: "11.5000""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2031-05-19T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
vesting financial
"Stock options vest as follows: one-third on the first anniversary of the grant date"
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 insider transaction did SBMT disclose for CFO Wade Newton?
Silver Bow Mining Corp. disclosed that CFO Wade Newton received a grant of 15,000 stock options. These options give him the right to buy common shares at $11.50 each, with a long-term expiration date in May 2031.
How many stock options were granted to the SBMT CFO and at what price?
The CFO was granted 15,000 stock options with an exercise price of $11.50 per share. This means he can buy up to 15,000 common shares at that fixed price if the options vest and are exercised.
What is the vesting schedule for the SBMT CFO’s 15,000 stock options?
The 15,000 stock options vest in three equal installments over three years. One-third vests on the first anniversary of the grant date, and one-third vests on each of the following two anniversaries, subject to his continued service at the company.
When do the SBMT CFO’s newly granted stock options expire?
The granted stock options expire on May 19, 2031, providing a multi-year exercise window. If unexercised by that date, the options lapse and no longer allow the purchase of Silver Bow Mining Corp. common shares at the $11.50 exercise price.
How many stock options does the SBMT CFO hold after this Form 4 transaction?
After this grant, the CFO directly holds 15,000 stock options according to the Form 4. This reflects the newly awarded options, which are tied to common shares and are subject to the disclosed vesting and expiration terms.