Cryan Terence James 4

What Happened

• Terence Cryan, a director of Westwater Resources, was awarded a total of 797,810 restricted stock units (RSUs) on 2026-05-22. The awards show an acquisition price of $0.00 (compensation grant), so reported value on the Form 4 is $0.
• The grant breaks into 613,700 time‑based RSUs (F1) and 184,110 performance‑contingent RSUs (F2). The time‑based RSUs vest in three equal annual installments beginning December 31, 2026; the performance RSUs vest one‑third each based on total stockholder return (TSR) for 2026, 2027 and 2028. The performance RSUs are derivative/contingent rights to receive common stock if vesting criteria are met.

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (appears filed one business day after the standard two‑business‑day reporting window).
• Award amounts: 613,700 RSUs (time‑vested, F1) and 184,110 RSUs (TSR performance‑based, F2); total = 797,810 RSUs.
• Price: $0.00 per unit (compensation grant), reported acquisition code A.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = RSUs vesting in three equal annual installments starting 12/31/2026; F2 = RSUs vesting one‑third based on TSR for each year 2026–2028.
• Filing timeliness: Form 4 appears to be filed late by one business day versus the typical two‑business‑day requirement.

Context

• These are compensation awards (RSUs), not open‑market purchases or sales; they do not represent an immediate cash purchase or sale by the director. Time‑based RSUs typically convert to shares as they vest; performance RSUs convert only if TSR targets are met.
• Awards like this are common for directors and executives as part of compensation and retention packages and should be interpreted as compensation actions rather than a direct endorsement or rejection of the stock by the insider.