Hanneman Karl L 4

What Happened
Karl L. Hanneman, CEO of International Tower Hill Mines Ltd. (THM), received two equity awards on May 27, 2026: 36,135 deferred stock units (DSUs) and 150,000 stock options. Both awards were reported as grants (derivative acquisitions) with an acquisition price of $0. The stock option exercise price is CAD 3.33 (reported as USD 2.41 based on the May 27, 2026 Bank of Canada exchange rate); the DSUs represent rights to receive one common share each.

Key Details

• Transaction date: May 27, 2026; Form 4 filed May 29, 2026 (appears timely).
• Awards: 36,135 deferred stock units; 150,000 stock options. Reported acquisition price: $0 (grant).
• Option exercise price: CAD 3.33 (converted to USD 2.41 for reporting); the Canadian-dollar amount is the legal exercise price.
• Vesting: The DSUs vested in full on grant but shares will be delivered upon the reporting person’s end of service as a director. For the options, one‑third vested on grant; the remaining two‑thirds vest in two equal annual installments beginning on the first anniversary of the grant.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes summarized: F1–F2 = DSU = right to one common share; F3 = CAD→USD conversion note; F4 = option vesting schedule.
• Filing status: No late-filing flag indicated in provided data.

Context
These were grant awards (not open‑market purchases or sales). The DSUs, though vested, will not result in immediate share delivery (they convert to shares when the recipient ends service). The options are new grants with partial immediate vesting but have an exercise price (CAD 3.33); there is no indication the options were exercised or that any shares were sold. Grants are routine executive compensation and should be read as equity compensation rather than a direct buy/sell signal.