Silver Bow Mining (SBMT) awards 60K stock options to secretary
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Bow Mining Corp. reported that Corporate Secretary Chun Ruth Young received a grant of stock options as compensation. She was awarded 60,000 stock options to buy common shares at an exercise price of $11.50 per share, expiring on May 19, 2031. The options vest over three years, with one-third vesting on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service. Following this award, Young holds 60,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chun Ruth Young
Role
Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 60,000 | $0.00 | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 60,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options granted: 60,000 options
Exercise price: $11.50 per share
Options after transaction: 60,000 options
+2 more
5 metrics
Options granted
60,000 options
Stock Options (Right to Buy) granted to Chun Ruth Young
Exercise price
$11.50 per share
Conversion or exercise price for the stock options
Options after transaction
60,000 options
Total derivative securities following the transaction
Expiration date
May 19, 2031
Stock option expiration date
Underlying shares
60,000 common shares
Underlying security shares for the options
Key Terms
Stock Options (Right to Buy), exercise price, expiration date, vest, +1 more
5 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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
vest financial
"Stock options vest as follows: one-third on the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Chun Ruth Young report for SILVER BOW MINING (SBMT)?
Chun Ruth Young reported receiving a stock option grant. She was awarded 60,000 stock options to buy Silver Bow Mining common shares as part of compensation, rather than buying shares in the open market, according to the Form 4 filing.
How many Silver Bow Mining (SBMT) stock options were granted and at what price?
She was granted 60,000 stock options at $11.50 per share. These options give her the right to buy 60,000 common shares of Silver Bow Mining at a fixed exercise price of $11.50 until they expire.
When do Chun Ruth Young’s Silver Bow Mining (SBMT) options expire?
The stock options expire on May 19, 2031. This means she can choose to exercise the options any time before that date, subject to vesting conditions and continued service requirements described in the Form 4 footnote.
How do the Silver Bow Mining (SBMT) stock options granted to Chun Ruth Young vest?
The options vest in three equal annual installments. One-third vests on the first anniversary of the grant date, and one-third on each of the next two anniversaries, provided she continues in service during the vesting period.
Was Chun Ruth Young’s Silver Bow Mining (SBMT) Form 4 a market purchase or a grant?
The Form 4 reports a grant or award acquisition, not a market purchase. The transaction code is “A,” indicating stock options were granted as compensation at a set exercise price, rather than bought on the open market.
What is Chun Ruth Young’s derivative position in Silver Bow Mining (SBMT) after this grant?
After the transaction, she holds 60,000 stock options directly. The total options following the transaction equals the 60,000 options granted, and no additional derivative positions are listed in this Form 4 excerpt.