Silver Bow (SBMT) Director Steven Durbin Receives RSU Awards

What Happened
Steven Douglas Durbin Jr., a director of Silver Bow Mining Corp. (SBMT), was granted awards on 2026-08-26 totaling 113,611 shares (3,611 shares and 110,000 reported as a derivative award). Both items were reported at $0.00 per share (no cash purchase). The filing indicates these are restricted stock units (RSUs) that will convert into common shares only upon specified vesting events.

Key Details

• Transaction date: 2026-08-26; Form 4 filed 2026-08-28 (timely filing — within two business days).
• Reported amounts: 3,611 shares and 110,000 derivative RSU awards; total 113,611. Price reported: $0.00 (award).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note:
  • F1: These are RSUs — 100% vest and convert upon the earliest of (i) a change in control, (ii) sale of a majority of the issuer’s assets, or (iii) the reporting person’s departure from the Board.
  • F2: Durbin, as manager of Quail Bend Minerals Partners LLC, may exercise voting/dispositive power over certain shares but disclaims beneficial ownership to the extent of his pecuniary interest.
  • F3: (Informational) a standard option vesting schedule is listed in the filing (one‑third each year), though no option exercise was reported here.

Context
These awards are compensation/retention-style RSUs rather than open‑market purchases — they carry no immediate cash outlay and are not immediately tradable. Because vesting is event-driven (change in control, major asset sale, or board departure), they do not necessarily indicate a near‑term change in Durbin’s share ownership or market sentiment.