Silver Bow Mining (SBMT) CEO Charles T. Naugle Receives 153,611-Share Award

What Happened Charles Travis Naugle, CEO of Silver Bow Mining Corp. (SBMT), reported awards on 2026-08-26 totaling 153,611 shares: 3,611 shares reported as a direct grant and 150,000 reported as a derivative award. Both transactions show an acquisition price of $0.00 (i.e., awards/grants rather than purchases). The filing does not report any cash paid for these awards or an immediate sale of underlying shares.

Key Details

• Transaction date(s): 2026-08-26; Form 4 filed 2026-08-28 (timely filing).
• Reported items: 3,611 shares (grant) and 150,000 derivative awards (grant), total 153,611.
• Price: $0.00 per share/award (no cash consideration reported).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes from the filing:
  • F1: The RSUs will vest and convert to common shares 100% upon the earliest of (i) a change in control, (ii) sale of a majority of the issuer’s assets, or (iii) the reporting person leaving the issuer’s board.
  • F2: Stock options (if applicable to any derivative awards) vest one‑third on each of the first three anniversaries of the grant, subject to continued service.
• Transaction code: A = Award/Grant.

Context These entries are compensatory awards, not open-market purchases or sales: grants at $0 are common in executive compensation and do not necessarily indicate an immediate change in the insider’s market exposure. The 150,000 derivative awards are subject to vesting terms per the footnotes (either RSU conversion on certain corporate events or staged vesting if they are options). Retail investors should treat awards differently from outright purchases or sales—awards reflect compensation design and potential future share issuance if/when vesting conditions are met.