WALTERS DIANA J 4
4 · Trilogy Metals Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Trilogy Metals (TMQ) Director Diana J. Walters Receives DSU Award
What Happened Diana J. Walters, a director of Trilogy Metals Inc. (TMQ), was granted 814.12 deferred stock units (DSUs) on March 2, 2026. The filing reports the award as a derivative grant with a reported acquisition price of $0.00, so no cash was paid in connection with this grant.
Key Details
- Transaction date: 2026-03-02; transaction type: Award/Grant (code A).
- Amount: 814.12 DSUs; reported price/value: $0.00 (derivative award).
- Shares owned after transaction: not specified in the Form 4 filing.
- Filing timeliness: Reported on 2026-03-02 (same day), so appears timely.
- Footnotes from the filing:
- F1: These DSUs were non‑discretionary issuances pursuant to prior elections by plan participants.
- F2: The DSUs vest immediately for purposes of the award, but the underlying common shares will not be issued—and the grantee will not have voting or dispositive rights—until the grantee’s termination as an employee or director. Grants expire no later than 90 days after termination.
Context DSUs are a form of deferred compensation and a derivative security tied to common shares; they do not represent immediate share ownership or voting power. Because the DSUs convert to actual shares only upon termination (per the filing), this award is generally administrative/compensation-related rather than an open‑market purchase or sale that signals near‑term trading intent.
Insider Transaction Report
- Award
Deferred Share Units ("DSUs")
[F1][F2]2026-03-02+814.12→ 555,893.656 totalExercise: $0.00→ Common Shares (814.12 underlying)
Footnotes (2)
- [F1]Non-discretionary issuances of DSUs pursuant to elections made by plan participants prior to the commencement of the current fiscal year.
- [F2]The DSUs vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date.