Uranium Energy CEO receives new RSU and option grants
Uranium Energy Corp President and CEO Amir Adnani reported multiple equity compensation events dated July 31, 2023.
Rhea-AI Filing Summary
Uranium Energy Corp President and CEO Amir Adnani reported multiple equity compensation events dated July 31, 2023. A total of 259,861 restricted stock units were converted into common shares, while 139,028 shares were withheld at $3.12, $3.21 and $3.32 per share to satisfy tax obligations. He also received new grants of 397,692 time-based RSUs, 421,795 performance-based RSUs vesting 100% on July 31, 2026, and 114,915 performance stock options with a $3.98 exercise price expiring July 31, 2033.
Positive
- None.
Negative
- None.
Insider Trade Summary
259,861 shares exercised/converted
Exercise
12 txns
Insider
Adnani Amir
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 133,333 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 78,488 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F4 | 48,040 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F1, F5, F6 | 397,692 | $0.00 | $0.00 |
| Grant/Award | Performance Based Restricted Stock Units F7, F5, F8 | 421,795 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Options F5, F9 | 114,915 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 133,333 | -- | -- |
| Tax Withholding | Common Stock F3 | 71,334 | $3.12 | $223K |
| Exercise | Common Stock F1 | 78,488 | -- | -- |
| Tax Withholding | Common Stock F3 | 41,992 | $3.21 | $135K |
| Exercise | Common Stock F1 | 48,040 | -- | -- |
| Tax Withholding | Common Stock F3 | 25,702 | $3.32 | $85K |
Holdings After Transaction:
Restricted Stock Units — 572,262 contracts (Direct);
Performance Based Restricted Stock Units — 898,597 contracts (Direct);
Performance Stock Options — 964,915 contracts (Direct);
Common Stock — 3,915,861 shares (Direct)
Footnotes (9)
- F1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F2. This award has vested as to one-half of the Restricted Stock Units on the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in equal installments on the first, second and third anniversary of the grant date.
- F3. Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.
- F4. This award has vested as to one-third of the Restricted Stock Units on the first, second and third anniversary of the grant date.
- F5. Granted pursuant to and in accordance with the Issuer's 2023 Stock Incentive Plan.
- F6. The Restricted Stock Units vest in three equal annual installments beginning July 31, 2024. Vested shares will be delivered to the reporting person no later than August 30th of each year.
- F7. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock.
- F8. The Performance Based Restricted Stock Units vest 100% on July 31, 2026. Vested shares will be delivered to the reporting person no later than August 30th, 2026.
- F9. Performance Options vest over 36-month period (33.33% 12, 24 and 36 months from the date of grant).
Key Figures
RSUs converted to common: 259,861 shares
Shares withheld for taxes: 139,028 shares
Time-based RSU grant: 397,692 units
+5 more
8 metrics
RSUs converted to common
259,861 shares
Total derivative exercises (Restricted Stock Units) on July 31, 2023
Shares withheld for taxes
139,028 shares
Common shares withheld to satisfy tax withholding requirements upon vesting
Time-based RSU grant
397,692 units
Restricted Stock Units granted under 2023 Stock Incentive Plan on July 31, 2023
Performance RSU grant
421,795 units
Performance Based Restricted Stock Units vesting 100% on July 31, 2026
Performance stock options granted
114,915 options
Performance Stock Options granted with 36‑month vesting schedule
Performance option exercise price
$3.98 per share
Exercise price for Performance Stock Options expiring July 31, 2033
Performance RSUs held after grant
898,597 units
Total Performance Based Restricted Stock Units following July 31, 2023 grant
Performance options held after grant
964,915 options
Total Performance Stock Options following July 31, 2023 grant
Key Terms
Restricted Stock Units, Performance Based Restricted Stock Units, Performance Stock Options, tax withholding requirements, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share"
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.
Performance Based Restricted Stock Units financial
"Each Performance Based Restricted Stock Unit represents a contingent right to receive"
Performance-based restricted stock units are a form of employee pay where shares are promised but only delivered if the company meets specific performance targets over time. Like a trophy awarded to a team after hitting certain goals, they align employee incentives with business results and can affect future share counts and earnings—so investors watch them for signals about management’s motivation, potential dilution, and the likelihood of meeting growth or profit targets.
Performance Stock Options financial
"Performance Stock Options vest over 36-month period (33.33% 12, 24 and 36 months"
tax withholding requirements financial
"Represents shares of common stock withheld to satisfy tax withholding requirements"
2023 Stock Incentive Plan financial
"Granted pursuant to and in accordance with the Issuer's 2023 Stock Incentive Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did UEC CEO Amir Adnani report on July 31, 2023?
Amir Adnani reported 259,861 restricted stock units converting into common shares, with 139,028 shares withheld for taxes. He also received substantial new equity awards, including time-based RSUs, performance-based RSUs, and performance stock options.
How many new restricted stock units were granted to UEC's CEO?
Amir Adnani received 397,692 time-based Restricted Stock Units and 421,795 Performance Based Restricted Stock Units. Each unit represents the right to receive one share of Uranium Energy common stock, subject to the specified vesting schedules.
What are the vesting terms of the new RSU awards for UEC's CEO?
The 397,692 Restricted Stock Units vest in three equal annual installments beginning July 31, 2024, with delivery by August 30 each year. The 421,795 Performance Based RSUs vest 100% on July 31, 2026, with delivery by August 30, 2026.
What are the details of the performance stock options granted to UEC's CEO?
Adnani was granted 114,915 Performance Stock Options with a $3.98 exercise price expiring July 31, 2033. These options vest over 36 months, with approximately 33.33% vesting at 12, 24 and 36 months from the grant date.
How were tax obligations handled for UEC CEO Amir Adnani's RSU vesting?
To cover tax withholding on vested awards, 139,028 shares of common stock were withheld. The shares were withheld in three blocks of 71,334, 41,992 and 25,702 shares at per-share values of $3.12, $3.21 and $3.32, respectively.
Under which plan were the new equity awards to UEC's CEO granted?
The new equity awards, including 397,692 Restricted Stock Units, 421,795 Performance Based Restricted Stock Units and 114,915 Performance Stock Options, were granted pursuant to Uranium Energy Corp's 2023 Stock Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
