THM CEO granted 150,000 options and DSUs
INTERNATIONAL TOWER HILL MINES LTD Chief Executive Officer Karl L. Hanneman received new equity-based compensation.
Rhea-AI Filing Summary
INTERNATIONAL TOWER HILL MINES LTD Chief Executive Officer Karl L. Hanneman received new equity-based compensation. He was granted stock options for 150,000 shares of common stock with an exercise price of $2.41 per share (converted from CAD 3.33) expiring on May 27, 2032. One-third of these options vested immediately, with the balance vesting in two equal annual installments starting on the first anniversary of the grant date. He was also granted 36,135 deferred stock units, each representing one common share and vesting in full on the grant date; the underlying shares will be delivered when his service as a director ends.
Positive
- None.
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Insider Trade Summary
Grant/Award: 186,135 shares
Grant/Award
2 txns
Insider
Hanneman Karl L
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 36,135 | $0.00 | $0.00 |
| Grant/Award | Stock Options (right to buy) | 150,000 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 36,135 contracts (Direct);
Stock Options (right to buy) — 150,000 contracts (Direct)
Footnotes (4)
- F1. Each deferred stock unit represents the right to receive one common share.
- F2. The reported deferred stock units vested in full on the date of grant and the Reporting Person will receive the shares underlying the deferred stock units upon the Reporting Person's end of service as a Director.
- F3. The exercise price was converted from CAD 3.33 to USD 2.41, based on the May 27, 2026 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
- F4. One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.
Key Figures
Stock options granted: 150,000 options
Option exercise price: $2.41 per share
Option expiration: May 27, 2032
+3 more
6 metrics
Stock options granted
150,000 options
Grant of stock options on May 27, 2026
Option exercise price
$2.41 per share
Converted from CAD 3.33, fixed in CAD
Option expiration
May 27, 2032
Expiry date of granted stock options
Deferred stock units granted
36,135 units
Deferred stock unit grant on May 27, 2026
Underlying common shares (options)
150,000 shares
Shares underlying stock options
Underlying common shares (DSUs)
36,135 shares
Shares underlying deferred stock units
Key Terms
Stock Options (right to buy), Deferred Stock Units, exercise price, vested in full, +1 more
5 terms
Stock Options (right to buy) financial
"security_title: Stock Options (right to buy)"
Deferred Stock Units financial
"security_title: Deferred Stock Units"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
exercise price financial
"The exercise price was converted from CAD 3.33 to USD 2.41"
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.
vested in full financial
"The reported deferred stock units vested in full on the date of grant"
annual installments financial
"remaining options will vest in two equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did THM CEO Karl Hanneman receive in this Form 4 filing?
Karl Hanneman received grants of 150,000 stock options and 36,135 deferred stock units. These awards are equity-based compensation tied to INTERNATIONAL TOWER HILL MINES LTD common shares, with specific vesting and exercise terms described in the filing.
What is the exercise price of Karl Hanneman’s new THM stock options?
The new stock options have an exercise price of $2.41 per share, converted from CAD 3.33. This price is fixed in Canadian dollars regardless of the exchange rate at the time of any future exercise of the options.
How do the vesting terms work for Karl Hanneman’s THM stock options?
One-third of the 150,000 stock options vested on the grant date, with the remaining options vesting in two equal annual installments. Vesting begins on the first anniversary of the grant date and continues annually thereafter.
When do Karl Hanneman’s new THM stock options expire?
The granted stock options expire on May 27, 2032. Hanneman can only exercise these options before this expiration date and after they vest according to the schedule described in the Form 4 disclosures.
What are THM deferred stock units granted to Karl Hanneman?
The 36,135 deferred stock units each represent the right to receive one common share. They vested fully on the grant date, and the actual shares will be delivered when Hanneman’s service as a director ends.
AI-generated analysis. How Rhea-AI works. Not financial advice.
