RE:RE:RE:RE:RE:RE:insider buying Sirlostalot, There are plenty of websites explaining Rights, Performance or Restricted and stock options. You can also visit Sedar for company specific filings.
Here is a typical example and a clip below:
https://stocksdownunder.com/article/performance-rights/#:~:text=Now%2C%20back%20to%20performance%20rights,have%20to%20cough%20up%20cash.
Now, back to performance rights. These are similar to options but are generally only issued by a company to directors and/or senior management. Owners of performance rights have the right to buy shares in the future. But this is typically a ‘free’ share, in the sense that they don’t have to cough up cash. The right is subject to meeting certain hurdles that the company has set – such as a particular share price, EPS level or achieving a certain commercial milestone.