Fronk Rudi 4

What Happened

• Fronk Rudi, a director of Paramount Gold Nevada Corp. (PZG), received three restricted stock unit (RSU) awards on December 22, 2025, totaling 42,500 RSUs (17,000 + 17,000 + 8,500). Each RSU represents one share of common stock and were recorded at $0.00 per unit (grant/award, derivative).
• These were equity compensation grants (not purchases or sales) and do not represent immediate cash proceeds or issued common shares until the RSUs vest and are delivered.

Key Details

• Transaction date: 2025-12-22; transaction code: A (award/grant); price per unit: $0.00.
• Total RSUs granted: 42,500 (equivalent to 42,500 shares upon vesting, per footnote).
• Plan: Grants made under the 2016 Stock Incentive and Equity Compensation Plan.
• Vesting conditions:
  • 17,000 RSUs vest upon receipt of final state and federal permits for the Grassy Mountain Project (F2/F3).
  • 17,000 RSUs vest if the company’s share price outperforms the 12-peer group average over the 12-month period ending 12/31/2026 (F4/F5).
  • 8,500 RSUs vest three years from the grant date (F6/F7).
• Post-transaction beneficial ownership: not provided in the summary data.
• Filing timeliness: Form 4 was filed late; the filer states delays were due to initial enrollment and account authorization in the SEC’s EDGAR Next system (filing timeliness = L).

Context

• RSU grants are compensation and typically signal alignment of insider pay with shareholder outcomes; they are not the same as an insider buying shares. The RSUs convert to actual shares only once vesting conditions are met and delivery occurs.