Yopps Steven W. 4
Research Summary
AI-generated summary
i-80 Gold (IAUX) Director Steven Yopps Receives 60,000 DSUs
What Happened
Steven W. Yopps, a director of i-80 Gold Corp. (IAUX), was granted 60,000 Deferred Share Units (DSUs) on June 23, 2026. The Form 4 reports an award/ acquisition (code A) at $0.00 per unit (no cash consideration). These DSUs are derivative awards representing the economic equivalent of common shares; underlying common shares were not issued and Yopps has no voting or dispositive rights in respect of those underlying shares until he separates as a director.
Key Details
- Transaction date: 2026-06-23; Form 4 filed: 2026-06-25 (timely).
- Award: 60,000 Deferred Share Units (DSUs) granted at $0.00 (derivative award).
- Vesting: DSUs fully vest on June 30, 2027 and do not expire (per filing footnote).
- Underlying shares: Not issued now; no voting/dispositive rights until director separation (per filing footnote).
- Shares owned after transaction: Not specified in the provided filing details.
- Transaction code: A (award/grant); derivative security (DSU).
Context
DSUs are a form of deferred compensation for directors that mirror the economic value of common shares but are not immediate stock ownership and typically cannot be traded. Such grants are routine for director pay and do not by themselves indicate buying or selling sentiment in the market.