Metals Royalty Co Inc. (TMCR) awards 2,000,000 shares and 1,000,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hess Michael Bernard reported acquisition or exercise transactions in this Form 4 filing.
Metals Royalty Co Inc. director Michael Bernard Hess received equity awards on July 13, 2026: a grant of 2,000,000 Common Shares, including 1,000,000 performance share units with stock-price based vesting conditions, and 1,000,000 stock options at $5.79 per share expiring July 12, 2036. The options vest in four equal annual installments starting July 13, 2026, subject to continued service. Following these grants he holds 3,500,000 Common Shares directly and an indirect interest in 1,000,000 shares held by SS3H Ventures LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hess Michael Bernard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 1,000,000 | $0.00 | -- |
| Grant/Award | Common Shares | 2,000,000 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 1,000,000 shares (Direct);
Common Shares — 3,500,000 shares (Direct);
Common Shares — 1,000,000 shares (Indirect, By SS3H Ventures LLC)
Footnotes (1)
- Includes 1,000,000 performance share units subject to certain stock-price based vesting conditions with vesting comprised of three substantially equal tranches, subject to the Reporting Person's continued service with the Issuer on each such vesting date. Represents shares held by SS3H Ventures LLC ("SS3H"). The Reporting Person is the sole member of SS3H and may be deemed to share voting, investment and dispositive power with respect to the securities held by SS3H. The Reporting Person disclaims beneficial ownership over such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose. The shares subject to this option shall vest and become exercisable in four equal annual installments commencing from July 13, 2026, subject to the Reporting Person's continued service with the Issuer on each such vesting date.
Key Figures
Common share grant: 2,000,000 Common Shares
Performance share units: 1,000,000 units
Option grant size: 1,000,000 underlying Common Shares
+4 more
7 metrics
Common share grant
2,000,000 Common Shares
Equity award to director Michael Bernard Hess on July 13, 2026
Performance share units
1,000,000 units
Included in common share grant; subject to stock-price based vesting in three tranches
Option grant size
1,000,000 underlying Common Shares
Stock Option (right to buy) granted July 13, 2026
Option exercise price
$5.7900 per share
Exercise price for stock option award expiring July 12, 2036
Option expiration date
2036-07-12
Expiration of Stock Option (right to buy) granted to Michael Bernard Hess
Direct common share holdings
3,500,000 Common Shares
Direct holdings following the July 13, 2026 equity grant
Indirect holdings via SS3H Ventures LLC
1,000,000 Common Shares
Shares held by SS3H Ventures LLC associated with the reporting person
Key Terms
performance share units, stock-price based vesting conditions, Stock Option (right to buy), pecuniary interest, +1 more
5 terms
stock-price based vesting conditions financial
"performance share units subject to certain stock-price based vesting conditions"
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy) granted on July 13, 2026"
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Section 16 of the Securities Exchange Act of 1934 regulatory
"beneficial ownership over such shares for purposes of Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did TMCR director Michael Bernard Hess receive on July 13, 2026?
On July 13, 2026, Michael Bernard Hess received an award of 2,000,000 Common Shares, including 1,000,000 performance share units, and 1,000,000 stock options with an exercise price of $5.79 per share as part of his director compensation.
What are the key terms of Michael Hess’s TMCR stock options?
Michael Hess received 1,000,000 stock options with an exercise price of $5.79 per share, expiring on July 12, 2036. These options vest in four equal annual installments beginning July 13, 2026, contingent on his continued service with the company.