Lawrence John W 4

What Happened

• Lawrence John W, Chief Administrative Officer of Westwater Resources, was granted two equity awards on May 22, 2026: 341,433 restricted stock units (RSUs) and 102,430 RSUs classified as a derivative award. Both grants show an acquisition price of $0 (awarded, not purchased), so recorded value in the Form 4 is $0.

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (filed five days after the grant; typical Form 4 reporting deadline is within two business days).
• Security/transaction type: A = Award/Grant. The 102,430 units are reported as a derivative (performance‑based RSUs).
• Vesting terms (from filing footnotes):
  • F1: 341,433 RSUs vest in three equal annual installments beginning December 31, 2026. Each RSU represents a contingent right to one share.
  • F2: 102,430 RSUs vest one‑third based on total shareholder return (TSR) for each of 2026, 2027, and 2028 (performance‑based RSUs).
• Shares owned after the transaction: not specified in the filing.
• No sales or purchases of shares occurred in this filing (this is a grant/award).

Context

• RSUs are equity awards that convert to shares only if and when they vest; time‑based RSUs vest on a schedule, while performance RSUs vest only if specified TSR targets are met. These awards are not cash purchases or open‑market buys/sells and should be interpreted as compensation rather than a direct market purchase/sale.
• Derivative/performance awards can align executive pay with company performance, but vesting is contingent and not an immediate change in share ownership.