Westwater Resources (WWR) grants CFO new common stock and RSUs
Rhea-AI Filing Summary
WESTWATER RESOURCES, INC. reported that CFO and SVP-Finance Steven M. Cates received equity-based compensation awards. He acquired 446,500 shares of common stock as a grant with no cash paid per share, bringing his directly held common stock to 1,787,378 shares.
He was also granted 133,950 restricted stock units, increasing his total restricted stock units to 325,623. A portion of these RSUs vest in three equal annual installments beginning on December 31, 2026, while others vest one-third each based on total stockholder return for the years ended December 31, 2026, 2027, and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 446,500 shares
Net Buy
2 txns
Insider
Cates Steven M.
Role
CFO and SVP-Finance
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 133,950 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 446,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 325,623 shares (Direct);
Common Stock — 1,787,378 shares (Direct)
Footnotes (2)
- F1. Represents restricted stock units that vest in three equal annual installments beginning December 31, 2026. Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.
- F2. Represents restricted stock units that vest one-third based on total stockholder return ("TSR") for the year ended December 31, 2026, one-third based on TSR for the year ended December 31, 2027, and one-third based on TSR for the year ended December 31, 2028.
Key Figures
Common stock grant: 446,500 shares
Common shares after grant: 1,787,378 shares
RSU grant: 133,950 units
+3 more
6 metrics
Common stock grant
446,500 shares
Award to CFO on May 22, 2026
Common shares after grant
1,787,378 shares
Direct holdings after reported transaction
RSU grant
133,950 units
New restricted stock units awarded to CFO
RSUs after grant
325,623 units
Total restricted stock units following transaction
Time-based RSU vesting start
December 31, 2026
First of three equal annual installments
Performance periods for TSR RSUs
2026, 2027, 2028
Vesting based on total stockholder return by year end
Key Terms
Restricted Stock Units, total stockholder return ("TSR"), grant, award, or other acquisition, Common Stock
4 terms
Restricted Stock Units financial
"Represents restricted stock units that vest in three equal annual installments beginning December 31, 2026."
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.
total stockholder return ("TSR") financial
"Represents restricted stock units that vest one-third based on total stockholder return ("TSR") for the year ended December 31, 2026..."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did WWR CFO Steven M. Cates report in this Form 4 filing?
Steven M. Cates reported receiving equity compensation awards, including new common stock and restricted stock units. These are grants from Westwater Resources, not open-market purchases or sales, and they increase his direct holdings and unvested equity incentives in the company.
How many restricted stock units did the WWR CFO receive in this grant?
He received 133,950 restricted stock units tied to Westwater Resources common stock. After this grant, his total restricted stock units rose to 325,623, providing additional unvested equity incentives that convert into shares upon meeting time-based and performance-based vesting conditions.
What is the vesting schedule for the new WWR restricted stock units?
Some restricted stock units vest in three equal annual installments beginning December 31, 2026. Another portion vests in three tranches based on total stockholder return for the years ending December 31, 2026, 2027, and 2028, linking vesting to shareholder return performance.
Does this WWR Form 4 show any stock sales by the CFO?
The Form 4 only shows grant or award acquisitions coded as "A" transactions, with no reported sales. Both the common stock and restricted stock unit entries reflect equity compensation awards, so there is no open-market selling activity disclosed in this particular filing.