RE:RSU's, PSU's and DSU'sThanks for this. I did some reading too. I think they still pay out even below the issue price. The AGM materiel for example describes the $1.25 2018 grants and these paid out even though the SP was around $.75. I can dig you up the page reference etc later if you need.
Buyreallow wrote: Someone asked how they work. Here is a simple description. The DSU's apply only to directors, and total only just over 4,000,000 DSU;s so are not a big issue.
As for RSU;s and PSU's, these have, as of Dec 31 2021, 32,985,416 each outstanding.
The RSU's have no conditions, so recipients get to cash them out no matter what happens.
The originial award was at .14 cent. So any increase in price of the shares above .14 cents is paid at the vesting date (3 years from date of issue) is paid in cash less withholding tax. So if they were to vest today, with the shares at lets say .44, near where they are today, the payout would be 30 cents per share for each of the RSU's. The PSU's are Performance units, which contain personal and corporate targets that must be met in order to receive the payments. If performance targets are not met, then no aware needs to be paid. However, if performance targets are exceeded, payments can be any where from 1 to 200 % of the award. Again, paid in cash, with withholding tax taken and submitted to the government of Canada. If the price of the shares was .14 or less at vesting, then obviously no payment would be made.