Tactical Resources (TREO) grants 32,500 PRSUs tied to $50–$70 stock goals
Rhea-AI Filing Summary
Tactical Resources Corp. (TREO) reported that director Kuljit Singh Basi received an award of 32,500 performance stock units (PRSUs) on August 20, 2026. Each PRSU is a contingent right to one common share that vests in three equal tranches if the company’s stock achieves volume-weighted average price levels of $50.00, $60.00, and $70.00, or upon a change of control, subject to continued employment; any unvested PRSUs are forfeited on the seventh anniversary of the grant. The filing also notes a 1-for-4 reverse stock split of outstanding common stock effective August 20, 2026, and discloses an indirect holding of a 10% convertible debenture maturing January 21, 2027, convertible at C$0.80 into units (each one share plus one warrant) and associated warrants for 5,567 underlying common shares at an exercise price of C$0.80.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Basi Kuljit Singh
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares F1, F2 | 32,500 | $0.00 | $0.00 |
| holding | Convertible Debenture F3, F2 | -- | -- | -- |
| holding | Warrants (via Convertible Debenture) F3, F2, F4, F5 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 32,500 shares (Direct);
Convertible Debenture — 0 shares (Indirect, By SVK Metrix Inc.);
Warrants (via Convertible Debenture) — 5,567 shares (Indirect, By SVK Metrix Inc.)
Footnotes (5)
- F1. Represents an award of performance stock units ("PRSUs"). Each PRSU represents a contingent right to receive one common share of the Issuer (each, a "Common Share") upon the earlier of (i) the achievement of certain pre-established share price targets or (ii) a change of control of the Issuer, in each case subject to the Reporting Person's continued employment with the Issuer through the applicable payment date. One-third of the PRSUs will vest upon the Issuer's price per Common Share achieving a daily volume weighted average closing sale price per share ("Stock Price Level") of $50.00, one-third will vest upon the Issuer's price per Common Share achieving a $60.00 Stock Price Level, and the remaining one-third will vest upon the Issuer's price per Common Share achieving a $70.00 Stock Price Level. Any PRSUs that remain unvested as of the seventh anniversary of the grant date will be forfeited and cancelled without consideration.
- F2. Reflects the 1-for-4 reverse stock split of the Issuer's outstanding common stock effected on 08/20/2026.
- F3. The convertible debenture matures on January 21, 2027, bears interest at 10% per annum, and is convertible into units of the Issuer (each, a "Unit") at any time before maturity at a conversion price of C$0.80. Each Unit consists of one Common Share and one share purchase warrant, with each warrant exercisable for one Common Share at an exercise price of C$0.80.
- F4. Each warrant becomes exercisable on the date on which the Convertible Debenture is converted into Units of the Issuer.
- F5. Each warrant expires three years following the date of conversion of the Convertible Debenture.
Key Figures
PRSUs granted: 32,500
Stock Price Level tranche 1: $50.00
Stock Price Level tranche 2: $60.00
+5 more
8 metrics
PRSUs granted
32,500
Performance stock units awarded to director on August 20, 2026
Stock Price Level tranche 1
$50.00
First one-third of PRSUs vest at this VWAP stock price level
Stock Price Level tranche 2
$60.00
Second one-third of PRSUs vest at this VWAP stock price level
Stock Price Level tranche 3
$70.00
Final one-third of PRSUs vest at this VWAP stock price level
Reverse stock split ratio
1-for-4
Reverse split of outstanding common stock effective August 20, 2026
Convertible debenture interest rate
10% per annum
Interest on convertible debenture maturing January 21, 2027
Conversion and exercise price
C$0.80
Price per Unit for debenture conversion and warrant exercise
Underlying shares from warrants
5,567
Common shares underlying warrants via convertible debenture, indirect holding
Key Terms
performance stock units, reverse stock split, convertible debenture, volume weighted average closing sale price, +1 more
5 terms
performance stock units financial
"Represents an award of performance stock units ("PRSUs"). Each PRSU represents"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
reverse stock split financial
"Reflects the 1-for-4 reverse stock split of the Issuer's outstanding"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
convertible debenture financial
"The convertible debenture matures on January 21, 2027, bears interest"
A convertible debenture is a long-term loan a company issues that pays interest like a bond but can be turned into a set number of the company’s shares under pre-agreed terms. For investors it matters because it mixes safety and upside: you get regular interest and higher repayment priority like a lender, yet you also hold an option to become a shareholder if the stock rises, which can dilute existing owners and change risk and return profiles.
volume weighted average closing sale price financial
"achieving a daily volume weighted average closing sale price per share"
FAQ
What equity award did TREO grant to director Kuljit Singh Basi in this Form 4?
The director received an award of 32,500 performance stock units (PRSUs), each representing a contingent right to receive one Tactical Resources common share upon meeting specified share price or change-of-control conditions and continued employment, with unvested PRSUs forfeited after seven years.
What are the vesting conditions for the 32,500 PRSUs reported by TREO?
The PRSUs vest in three equal tranches: one-third at a $50.00 stock price level, one-third at $60.00, and one-third at $70.00, based on daily volume weighted average closing sale price, or upon a change of control, subject to continued employment.
What reverse stock split did TREO disclose in this Form 4?
The filing states that Tactical Resources effected a 1-for-4 reverse stock split of its outstanding common stock on August 20, 2026, and the reported share amounts reflect this adjustment.
What are the key terms of the convertible debenture indirectly held in TREO?
The indirectly held convertible debenture matures on January 21, 2027, bears 10% annual interest, and is convertible into units at a conversion price of C$0.80, each unit consisting of one common share and one share purchase warrant exercisable at C$0.80.
AI-generated analysis. How Rhea-AI works. Not financial advice.
