Cross David Allen 4
4 · INTERNATIONAL TOWER HILL MINES LTD · Filed May 29, 2026
Research Summary
AI-generated summary of this filing
International Tower Hill (THM) CFO David Cross Receives 15,000-Option Grant
What Happened David Cross, Chief Financial Officer of International Tower Hill Mines Ltd. (THM), was granted 15,000 derivative awards (stock options) on May 27, 2026. The Form 4 reports the acquisition as 15,000 shares @ $0.00 (derivative award), i.e., a grant rather than a cash purchase. The reported exercise price is CAD 3.33 per option (converted to USD 2.41 for reporting), and no immediate sale of shares was reported.
Key Details
- Transaction date: 2026-05-27; Form 4 filed 2026-05-29 (filed within the typical two-business-day window).
- Award: 15,000 derivative awards (options) reported as acquired at $0.00 on Form 4.
- Exercise price: CAD 3.33 per option (F1 notes conversion to USD 2.41 using Bank of Canada rate on 2026-05-27). The exercise price remains the CAD amount regardless of currency conversion.
- Vesting: One-third vested on grant date; remaining two-thirds vest in two equal annual installments beginning on the first anniversary (see F2).
- Shares owned after transaction: Not specified in this filing.
- Transaction code: A (award/grant); no tax withholding or 10b5-1 plan reported.
Context This is a grant of options (derivative awards). The filing reports a $0 acquisition value because it documents the grant, not a cash purchase. The vesting schedule means some options are immediately exercisable (one-third), while the remainder vest over the next two years. There is no indication of immediate exercise-and-sale (cashless exercise) or any sale of shares in this filing.
Insider Transaction Report
- Award
Stock Options (right to buy)
[F1][F2]2026-05-27+15,000→ 15,000 totalExercise: $2.41Exp: 2032-05-27→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]The exercise price was converted from CAD 3.33 to USD 2.41, based on the May 27, 2026 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
- [F2]One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.