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McEwen Inc.·4

Jun 30, 9:08 PM ET

Ing Perry 4

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McEwen (MUX) CFO Ing Perry Converts RSUs; 1,500 Shares Received

What happened

  • Ing Perry, Chief Financial Officer of McEwen Inc. (MUX), had multiple restricted stock unit (RSU) awards vest on June 28–29, 2026. A total of 10,366 RSUs vested; 8,866 of those were settled for cash and 1,500 shares were issued to Perry. The filings are reported as derivative conversions/exercises (transaction code M). Dispositions are recorded at $0 per share reflecting the cash settlements rather than open‑market sales.

Key details

  • Transaction dates: June 28–29, 2026 (reported on Form 4 filed 2026-06-30).
  • Transaction type/code: Exercise/conversion of derivative (M) — RSU vesting and settlement.
  • Vested and settlement breakdown by grant:
    • Grant 8/11/2025: 1,866 vested (1,596 cash‑settled; 270 shares issued). [F2]
    • Grant 9/8/2025: 800 vested (684 cash‑settled; 116 shares issued). [F3]
    • Grant 6/29/2025: 4,740 vested (4,054 cash‑settled; 686 shares issued). [F4]
    • Grant 11/10/2025: 2,330 vested (1,993 cash‑settled; 337 shares issued). Remaining shares from this grant will vest Dec 20, 2026. [F5]
    • Grant 3/19/2026: 630 vested (539 cash‑settled; 91 shares issued). Remaining shares vest in two installments (Dec 20, 2026 and Jun 29, 2027). [F6]
  • Total vested: 10,366 RSUs; cash‑settled: 8,866; shares issued to insider: 1,500.
  • Prices/values: Acquisitions listed with N/A; disposition entries show $0 (reflecting cash settlement). The Form 4 does not disclose per‑share market proceeds for the cash settlements in the provided data.
  • Shares owned after transaction: not specified in the provided filing details.
  • Notable footnote (F1): each RSU is a contingent right to one share or cash at the company’s committee discretion.

Context

  • This was not an open‑market sale or purchase by the insider; it reflects RSU vesting and the company’s cash settlement/withholding of a portion of the vested awards. Such cash settlements commonly cover tax withholding and do not necessarily indicate a voluntary market sale by the insider.
  • Transaction code M indicates conversion/exercise of a derivative (here, RSUs becoming shares or cash).