312,500-share equity grant for International Tower Hill Mines (THM) COO
Rhea-AI Filing Summary
Parrow Shane Edward reported acquisition or exercise transactions in this Form 4 filing.
International Tower Hill Mines Ltd. reported that President & COO and director Shane Edward Parrow received an equity award of 312,500 Ordinary Shares, represented by restricted stock units, with a reported transaction price per share of 0.0000.
The restricted stock units vest in three approximately equal annual installments beginning on the first anniversary of the grant date, subject to his continued service, resulting in 312,500 Ordinary Shares held directly after the award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 312,500 shares
Net Buy
1 txn
Insider
Parrow Shane Edward
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary Shares F1 | 312,500 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 312,500 shares (Direct)
Footnotes (1)
- F1. The ordinary shares are represented by restricted stock units that vest in three approximately equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person's continued service on such vesting date.
Key Figures
Equity award: 312,500 Ordinary Shares
Transaction price per share: 0.0000
Total shares after transaction: 312,500 Ordinary Shares
+1 more
4 metrics
Equity award
312,500 Ordinary Shares
Grant of restricted stock units to President & COO Shane Edward Parrow
Transaction price per share
0.0000
Reported price per Ordinary Share for the equity award
Total shares after transaction
312,500 Ordinary Shares
Direct holdings of Shane Edward Parrow following the award
Vesting installments
3 annual installments
Restricted stock units vest in three approximately equal annual installments
Key Terms
restricted stock units, Ordinary Shares, vest
3 terms
restricted stock units financial
"represented by restricted stock units that vest in three approximately"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vest financial
"units that vest in three approximately equal annual installments"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did THM grant to Shane Edward Parrow?
International Tower Hill Mines Ltd. granted 312,500 Ordinary Shares, represented by restricted stock units, to President & COO Shane Edward Parrow as an equity award. The reported transaction price per share is 0.0000, and his direct holdings after the award total 312,500 shares.
How do the 312,500 restricted stock units granted by THM vest?
The 312,500 restricted stock units vest in three approximately equal annual installments. Vesting begins on the first anniversary of the grant date and each installment is contingent on Shane Edward Parrow’s continued service with International Tower Hill Mines Ltd. on the applicable vesting dates.
Was Shane Edward Parrow’s THM equity transaction a market purchase or sale?
No. The transaction is reported with code A, indicating a grant, award, or other acquisition of securities rather than a market purchase or sale. It reflects compensation in restricted stock units, not open-market trading in International Tower Hill Mines Ltd. shares.
Were Shane Edward Parrow’s THM restricted stock units granted under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is reported as unchecked, so the transaction is not affirmatively identified as occurring under a pre-arranged trading plan. The disclosure instead characterizes it simply as a grant or award of restricted stock units.