Silver Bow Mining officer reports 30,000 stock options
SILVER BOW MINING CORP. reported a derivative position for Chief Accounting Officer Peter William Burroughs involving 30,000 stock options tied to common shares.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
SILVER BOW MINING CORP. reported a derivative position for Chief Accounting Officer Peter William Burroughs involving 30,000 stock options tied to common shares. The options have an exercise price of $11.50 per share and expire on May 19, 2031. According to the footnote, one-third of the options vest on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service.
Insider Trade Summary
NULL: 30,000 shares
NULL
1 txn
Insider
Burroughs Peter William
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| NULL | Stock Options (Right to Buy) | 30,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 30,000 contracts (Direct)
Footnotes (1)
- F1. 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 position: 30,000 options
Exercise price: $11.50 per share
Underlying shares: 30,000 common shares
+2 more
5 metrics
Stock options position
30,000 options
Stock Options (Right to Buy) linked to common shares
Exercise price
$11.50 per share
Conversion or exercise price for the stock options
Underlying shares
30,000 common shares
Underlying security shares for the reported options
Expiration date
May 19, 2031
Options expiration date
Vesting schedule
One-third annually over three years
Vests on first anniversary and each subsequent anniversary, subject to service
Key Terms
Stock Options (Right to Buy), conversion or exercise price, expiration date, underlying security, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
conversion or exercise price financial
"conversion_or_exercise_price: 11.5000"
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The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised.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.
underlying security financial
"underlying_security_title: Common Shares"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did SBMT report for Peter William Burroughs?
SILVER BOW MINING CORP. reported that Chief Accounting Officer Peter William Burroughs is associated with 30,000 stock options. These options relate to common shares, have an $11.50 exercise price, and expire on May 19, 2031, with vesting over three annual installments.
How many SBMT stock options are involved in this Form 4 filing?
The filing shows a position of 30,000 stock options. These options are exercisable into 30,000 common shares at $11.50 per share and have a stated expiration date of May 19, 2031, subject to the vesting schedule described in the footnote.
What is the exercise price of the SBMT stock options reported?
The stock options reported for SILVER BOW MINING CORP. carry a conversion or exercise price of $11.50 per share. This is the price at which the holder may purchase the underlying common shares once the options have vested and are exercisable.
When do the SBMT stock options reported in this Form 4 expire?
The reported stock options have an expiration date of May 19, 2031. After this date, any unexercised options would no longer be exercisable. The options vest in three annual installments, assuming the holder’s continued service with the company.
How do the SBMT stock options for Peter William Burroughs vest?
The filing states that the stock options vest one-third on the first anniversary of the grant date, and one-third on each subsequent anniversary. Vesting is conditioned on continued service, meaning the holder generally must remain with the company for the options to vest.
What security underlies the SBMT stock options in this insider report?
The stock options are linked to SBMT common shares as the underlying security. Each option relates to one common share, so 30,000 stock options correspond to 30,000 underlying common shares, subject to the vesting and exercise terms described in the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
