Stevenson Tracy Austin 4
Research Summary
AI-generated summary
Vista Gold (VGZ) Director Stevenson Receives 32,000 DSUs
What Happened
- Stevenson Tracy Austin, a director of Vista Gold Corp. (VGZ), received an award of 32,000 Deferred Share Units (DSUs) on 2026-03-13. The Form 4 shows the units were granted at $0.00 (derivative award) — the grant has no immediate cash proceeds and no common shares were issued at grant.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed timely).
- Transaction code: A (award/grant); 32,000 DSUs granted at $0.00.
- Post-transaction share ownership: not specified in the provided filing excerpt.
- Footnote summary: Each DSU equals the economic value of one common share, vests immediately, but underlying shares and voting/dispositive rights are not delivered until the director separates from the company. Grants expire no later than Dec. 1 of the year following separation.
Context
- DSU awards to directors are a common form of compensation and represent a deferred economic interest rather than immediate share ownership or a cash purchase. Because the underlying shares are not issued and voting rights are withheld until separation, this award does not directly change the market float or produce immediate insider buying/selling signals.