Vista Gold director reports holding 831K RSUs
Managing Director Gavin Ferguson reports initial ownership of 831,000 RSU-based common share rights in Vista Gold Corp with multi-year, performance-linked vesting.
Rhea-AI Filing Summary
VISTA GOLD CORP (VGZ) reported the initial beneficial ownership of equity by Managing Director Gavin Ferguson, consisting of restricted stock units (RSUs) covering 831,000 common shares. Each RSU represents a contingent right to receive one common share, subject to various vesting schedules and performance or share price criteria.
The RSUs vest in tranches: 29,000 on September 6, 2027 subject to performance criteria; 600,000 over 36 months beginning September 6, 2027, subject to the reporting person's continuing service as a director; and 202,000 on March 13, 2029, subject to performance and share price criteria during a two-year vesting period. Settlement occurs as soon as administratively feasible after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ferguson Gavin
Role
Managing Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F1, F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 831,000 contracts (Direct)
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- F2. The RSUs vest as follows: 29,000 on September 6, 2027, subject to performance criteria; 600,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months and 1/3 at 36 months) beginning on September 6, 2027, subject to the reporting person's continuing service as a director of the Issuer; and 202,000 on March 13, 2029, subject to performance and share price criteria during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
Key Figures
Underlying common shares from RSUs: 831,000 shares
Performance-based RSUs vesting on September 6, 2027: 29,000 RSUs
Time-based RSUs vesting over 36 months: 600,000 RSUs
+2 more
5 metrics
Underlying common shares from RSUs
831,000 shares
Total underlying common shares represented by RSUs held directly
Performance-based RSUs vesting on September 6, 2027
29,000 RSUs
Vest on September 6, 2027 subject to performance criteria
Time-based RSUs vesting over 36 months
600,000 RSUs
Vest in three equal tranches over 12, 24 and 36 months from September 6, 2027
Performance and share price-based RSUs vesting March 13, 2029
202,000 RSUs
Vest on March 13, 2029 subject to performance and share price criteria over a 2-year period
Initial Form 3 RSU holding entries
1 holding entry
Single RSU holding representing 831,000 underlying common shares, held directly
Key Terms
Restricted Stock Units, vesting, performance criteria, share price criteria, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 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.
vesting financial
"The RSUs vest as follows: 29,000 on September 6, 2027, subject to performance criteria"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
performance criteria financial
"29,000 on September 6, 2027, subject to performance criteria"
settlement financial
"Settlement of vested RSUs will occur as soon as administratively feasible"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position was reported in VGZ on this Form 3?
The filing reports that Managing Director Gavin Ferguson holds restricted stock units (RSUs) representing 831,000 underlying common shares of VISTA GOLD CORP, as an initial statement of beneficial ownership.
What is the vesting schedule for Gavin Ferguson’s RSUs at VGZ?
The RSUs vest as follows: 29,000 on September 6, 2027 subject to performance criteria; 600,000 over 36 months starting September 6, 2027 (in three equal annual installments) subject to continuing service as a director; and 202,000 on March 13, 2029 subject to performance and share price criteria.
What conditions apply to the vesting of the 600,000 RSUs reported for VGZ?
The 600,000 RSUs vest over a 36-month period beginning September 6, 2027, in three equal installments at 12, 24, and 36 months, and are subject to the reporting person’s continuing service as a director of the issuer.
Are Gavin Ferguson’s VGZ RSU holdings tied to a Rule 10b5-1 trading plan?
The Form 3 data do not report any transactions under a Rule 10b5-1 trading plan. The filing presents an initial statement of RSU holdings without indicating that they are associated with such a plan.
How and when will Gavin Ferguson’s vested VGZ RSUs be settled?
The filing states that settlement of vested RSUs will occur as soon as administratively feasible following the vesting date, with each restricted stock unit representing a right to receive one common share of VISTA GOLD CORP upon settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
