Pelletier Pierre Clement 4

What Happened

• Pierre Clement Pelletier, a director of Paramount Gold Nevada Corp. (PZG), received three grants of restricted stock units (RSUs) on 2025-12-22: 8,500 RSUs + 8,500 RSUs + 8,500 RSUs, totaling 25,500 RSUs. Each grant is a derivative award granted at $0.00 (no cash paid) and represents a right to receive common stock upon vesting.

Key Details

• Transaction date: 2025-12-22 (reported on Form 4 filed 2026-01-28; filing noted as late).
• Grants: three awards of 8,500 RSUs each (total 25,500 RSUs); grant price $0.00 (derivative award).
• Vesting conditions (per footnotes):
  • One grant vests upon receipt of final state and federal permits for the Grassy Mountain Project.
  • One grant vests if Paramount's share price outperforms the average share price of a 12-company peer group over the 12-month period ending 12/31/2026.
  • One grant vests three years from the grant date.
• Each RSU equals one share of common stock and will be delivered upon vesting.
• Shares owned after the transaction are not specified in this filing.
• Filing timeliness: marked late; the filer cites delays in EDGAR Next enrollment/account authorization.

Context

• RSU grants are compensation/retention awards (derivatives) that convert to shares only when vesting conditions are met; they are not immediate open-market purchases or sales. Such awards are common for directors and management and do not by themselves indicate immediate buying or selling sentiment.