Options Granted - Now Time to Bring the Price UpNew Mgmt team has been granted their options at $6.12.
As I noted in an earlier email it is beneficial for mgmt to drive down the share price for these new grants and keeping the dividend for Q4 2023 might have been part of that strategy.
Perhaps we will see a 50% dividend cut in Q1 2024. Hope share price reverses course over the next 6 to 12 months.
| Transaction ID | Date of transaction
YYYY-MM-DD | Date of filing
YYYY-MM-DD | Ownership type (and registered holder, if applicable) | Nature of transaction | Number or value acquired or disposed of | Unit price or exercise price | Closing balance | Insider's calculated balance | Conversion
or exercise
price | Date of expiry or maturity
YYYY-MM-DD | Underlying security designation | Equivalent number or value of underlying securities acquired or disposed of | Closing balance of equivalent number or value of underlying securities | |
| Insider name: | Bourgeois, Robyn | |
| Insider's Relationship to Issuer: | 5 - Senior Officer of Issuer | |
| Ceased to be Insider: | Not applicable | |
| Security designation: | Options (Common Shares) | |
| | | | | 4224112 | 2023-12-12 | 2023-12-12 | Direct Ownership : | 50 - Grant of options | +200,000 | 6.1200 | | 766,801 | | | | 2028-12-12 | Common Shares | +200,000 | 766,801 | |
| Insider name: | Carlsen, Christopher Andrew | |
| Insider's Relationship to Issuer: | 5 - Senior Officer of Issuer | |
| Ceased to be Insider: | Not applicable | |
| Security designation: | Options (Common Shares) | |
| | | | | 4224093 | 2023-12-12 | 2023-12-12 | Direct Ownership : | 50 - Grant of options | +200,000 | 6.1200 | | 1,150,000 | | | | 2028-12-12 | Common Shares | +200,000 | 1,150,000 | |
| Insider name: | Geremia, Bruno P. | |
| Insider's Relationship to Issuer: | 5 - Senior Officer of Issuer | |
| Ceased to be Insider: | Not applicable | |
| Security designation: | Options (Common Shares) | |
| | | | | 4224083 | 2023-12-12 | 2023-12-12 | Direct Ownership : | 50 - Grant of options | +200,000 | 6.1200 | | 782,000 | | | | 2028-12-12 | Common Shares | +200,000 | 782,000 | |
| Insider's Relationship to Issuer: | 5 - Senior Officer of Issuer | |
| Ceased to be Insider: | Not applicable | |
| Security designation: | Options (Common Shares) | |
| | | | | 4224109 | 2023-12-12 | 2023-12-12 | Direct Ownership : | 50 - Grant of options | +200,000 | 6.1200 | | 772,000 | | | | 2028-12-12 | Common Shares | +200,000 | 772,000 | |
| Insider name: | van der Werken, Theo | |
| Insider's Relationship to Issuer: | 5 - Senior Officer of Issuer | |
| Ceased to be Insider: | Not applicable | |
| Security designation: | Options (Common Shares) | |
| | | | | 4224102 | 2023-12-12 | 2023-12-12 | Direct Ownership : | 50 - Grant of options | +200,000 | 6.1200 | | 750,534 | |