Shiell Kevin G 4
4 · SILVER BOW MINING CORP. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Silver Bow COO Kevin Shiell Receives 73,500-Unit Award (SBMT)
What Happened
Kevin G. Shiell, Chief Operating Officer of Silver Bow Mining Corp. (SBMT), received equity awards on May 19, 2026: 13,500 restricted stock units (RSUs) and 60,000 stock options. Both awards show an acquisition price of $0.00 (typical for compensation grants) — these were grants (transaction code A), not purchases or sales. The filing (Form 4) was submitted on May 21, 2026 and appears to be timely.
Key Details
- Transaction date: 2026-05-19; filing date: 2026-05-21 (timely).
- Grants: 13,500 RSUs @ $0.00 (value at grant $0) and 60,000 stock options @ $0.00 (derivative grant). Total units granted: 73,500.
- Shares owned after transaction: not specified in the filing.
- Footnote F1 (RSUs): 10,000 of the RSUs vest upon conditions determined by the issuer's board; 3,500 vest six months after completion of an initial public offering.
- Footnote F2 (options): Options vest one-third on the first anniversary of the grant and one-third on each subsequent anniversary, subject to continued service.
- Transaction code: A = Award/Grant. No sale or exercise occurred.
Context
These are compensation awards, not sales or exercises. The 60,000 units are option grants (derivative) and do not represent exercised or sold shares — they vest over time and would require exercise to convert to stock. RSUs will convert to shares only as they vest per the board-determined conditions and the IPO-related timing noted. Such grants are common executive compensation and do not by themselves indicate a buy/sell signal.
Insider Transaction Report
- Award
Common Shares
[F1]2026-05-19+13,500→ 13,500 total - Award
Stock Options (Right to Buy)
[F2]2026-05-19+60,000→ 60,000 totalExercise: $11.50Exp: 2031-05-19→ Common Shares (60,000 underlying)
Footnotes (2)
- [F1]Restricted Stock Units, 10,000 of which shall vest upon certain conditions as determined by Issuer's board of directors, and 3,500 which shall vest on the date that is six months following completion of an initial public offering.
- [F2]Stock options vest as follows: one-third on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service.