WALTERS DIANA J 4
4 · Trilogy Metals Inc. · Filed Jun 1, 2026
Research Summary
AI-generated summary of this filing
Trilogy Metals (TMQ) Director Diana Walters Receives DSU Award
What Happened Diana J. Walters, a director of Trilogy Metals Inc. (TMQ), received an award of 791.68 deferred share units (DSUs) on June 1, 2026. The filing reports the acquisition as 791.68 shares at $0.00 (a derivative award), so no immediate cash value or change in cash holdings is reported. This was an award/compensation transaction rather than an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-06-01 — Grant/Award (derivative DSUs) of 791.68 units at $0.00 per unit.
- Reported value: $0 (award recorded as derivative; underlying common shares not issued immediately).
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes:
- F1: These DSUs were issued non-discretionarily per elections made by plan participants before the fiscal year started.
- F2: The DSUs vest immediately but the underlying common shares will not be issued, and the grantee has no voting or dispositive rights, until the grantee’s employment or directorship ends; grants expire no later than 90 days after termination.
- Filing timeliness: Filed on 2026-06-01 (no indication of a late filing in the record).
Context Deferred share units are a common form of director compensation and represent a contingent claim on shares rather than immediate ownership or voting power. Because the DSUs convert to actual shares (and confer voting/dispositive rights) only upon termination per the footnote, this award is administrative/compensatory in nature and does not signal an immediate purchase or sale of company stock.
Insider Transaction Report
- Award
Deferred Share Units ("DSUs")
[F1][F2]2026-06-01+791.68→ 556,685.336 totalExercise: $0.00→ Common Shares (791.68 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.