RE:RE:RE:RE:stock optionsThe 2022 stock incentive awards were just filed. There is some difference from prior years. The total number of options were down. The exercise price is in US dollars ($5.21). However, they granted RSUs vesting over 3 years (subect to some undisclosed contingency) where the company gives a right to common shares on each anniversary date. So there could be some selling
They also granted some Phantom Shares (subject to continuing employment) where the company pays out the value of the shares on the vesting dates.
Todays award will reduce the profit line of the company. The RSUs and Phantom shares will be $1.875 million at a $5 US share price.
| | Date of Grant | Options granted | Exercise Price | Expiry date | 1/3 Vesting | | Options | 18-Jan-22 | 371,102 | 5.21 US | 18-Jan-32 | Yr 1, Yr 2, Yr 3 | | Restricted Stock Unit | 18-Jan-22 | 252,345 | - | 18-Jan-25 | Yr 1, Yr 2, Yr 3 | | Phantom Shares | 18-Jan-22 | 123,692 | - | 18-Jan-25 | Yr 1, Yr 2, Yr 3 | | 1. Options granted to reporting person on January 18, 2022, which vest in three equal annual installments beginning on the first anniversary of the grant date. | | 2. Each Restricted Stock Unit (RSU) represents a contingent right to receive one common share. | | | 3. Restricted Stock Units granted to reporting person on January 18, 2022, which vest in three equal installments beginning on the first anniversary of the grant date. | | 4. Each share of phantom stock represents a right to receive the cash value of one share of the Issuer's common shares which will be determined based on the Issuer's share price on the vesting date. | | 5. Represents an award granted in 2022 under the Issuer's Phantom Share Unit Plan which vests in equal installments on January 18, 2023, January 18, 2024, and January 18, 2025, subject to the Reporting Person's continued employment with the Issuer on such vesting date. | | | |