KEENAN PATRICK F. 4

What Happened

• Patrick F. Keenan, a director of Vista Gold Corp (VGZ), was granted 24,000 Deferred Share Units (DSUs) on March 13, 2026. The Form 4 records this as an award/acquisition (code A) of 24,000 units at $0.00 (derivative instrument), i.e., a compensation grant rather than an open‑market buy or sale.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17).
• Grant size and price: 24,000 DSUs @ $0.00; total reported cash consideration $0 (award).
• Shares owned after transaction: Not specified in the filing.
• Footnote: Each DSU is the economic equivalent of one common share, vests immediately, but underlying common shares will not be issued and Keenan will have no voting or dispositive rights until he separates as a director. Grants expire no later than Dec 1 of the year after separation.
• Timeliness: Filing date (Mar 17) is within the two business‑day window following the Mar 13 grant (timely).

Context

• DSU grants are a common form of director compensation; they represent a right to receive the economic value of shares later rather than an immediate equity stake with voting power. This is an award, not a purchase or sale, and should be viewed as routine compensation rather than a direct market signal.