Haddock Richie Darrin 4
Research Summary
AI-generated summary
Perpetua (PPTA) Director Haddock Receives DSU Award
What Happened
- Richie Darrin Haddock, a director of Perpetua Resources Corp. (PPTA), was granted 2,459 deferred share units (DSUs) on February 11, 2026. The award is reported as a derivative grant (transaction code A) with an attributable value of $75,000 based on a $30.50 per-share price.
- These DSUs are fully vested as of the grant date. They do not convert to common shares immediately; each DSU entitles the holder to one common share (or, at the holder’s election and plan administrator approval, cash equal to the share value) and will be settled following the reporting person’s separation from service.
Key Details
- Transaction date and price: Feb 11, 2026; 2,459 DSUs at $30.50 per share (value ≈ $75,000). (Footnote: price = Nasdaq close on Feb 11, 2026.)
- Shares owned after transaction: Not specified in the provided filing extract.
- Footnotes: F1 explains DSU settlement mechanics and that DSUs are fully vested; F2 states the valuation used the Nasdaq closing price on Feb 11, 2026.
- Timeliness: Filing was submitted Feb 12, 2026 for a Feb 11 transaction—within the typical Form 4 reporting window (appears timely).
Context
- A DSU grant is a form of deferred compensation for directors; it’s a derivative award rather than an open-market purchase or sale, and does not indicate an immediate change in share count or a market transaction. Such grants are routine for board members and should be viewed as compensation, not a straightforward buy/sell signal.