Makori Michelle 4

What Happened Michelle Makori, a director of McEwen Inc. (MUX), was granted 239 deferred stock units on 2026-03-19. The Form 4 reports an acquisition at $0.00 per unit (transaction code A), meaning no cash was paid. These units are derivative awards that represent rights to receive common stock rather than an open‑market purchase.

Key Details

• Transaction date: 2026-03-19; Form 4 filed: 2026-03-23 (filing appears timely).
• Amount: 239 deferred stock units acquired at $0.00 (derivative award).
• Shares owned after transaction: not reported in the provided excerpt.
• Footnote summary:
  • F1: Each deferred stock unit equals the right to receive one share of common stock.
  • F2: The units are fully vested but will be delivered only upon the director’s termination of continuous Board service, unless delivery is further deferred by election.
• Transaction type: Award/grant (compensation), not a market purchase or sale.

Context This is a compensation-related grant to a director, typical for board fees or long-term retention, and does not indicate a cash purchase or sale by the insider. Because delivery is deferred until the end of Board service (and may be further deferred), these units do not immediately increase tradable shares held by the director.