GARCIA NORMA LINDA 4
4 · INTERNATIONAL BATTERY METALS LTD. · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
International Battery Metals (IBATF) GC Norma Garcia Receives Award
What Happened Norma Garcia, General Counsel of International Battery Metals Ltd. (IBATF), received a grant of 500,000 derivative awards on May 14, 2026. These awards are Restricted Share Units (RSUs) granted at $0.00 (no immediate cash exchanged); each RSU is a contingent right to receive one common share upon vesting.
Key Details
- Transaction date: 2026-05-14; transaction type: Award/Grant (code A); reported acquisition: 500,000 RSUs at $0.00 (derivative).
- Vesting (per filing footnote): 166,666 RSUs vest on 2027-05-14, 166,667 on 2028-05-14, and 166,667 on 2029-05-14 (see F5). F3 clarifies each RSU converts to one common share when vested.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: filing date equals transaction date (2026-05-14), indicating a timely report.
Context These RSUs are awards, not open-market purchases or immediate share issuances. They do not increase Garcia’s common-share holdings until each tranche vests and is settled; there was no cash paid or sale of shares reported in this transaction.
Insider Transaction Report
- Award
Restricted Share Units
[F3][F5]2026-05-14+500,000→ 500,000 total→ Common Stock, no par value (500,000 underlying)
- 33,333
Common Shares, no par value
- 400,000
Options (Rights to Buy)
[F1][F2]Exercise: $0.36Exp: 2030-02-12→ Common Shares, no par value (400,000 underlying) - 66,667
Restricted Share Units
[F3][F4]→ Common Shares, no par value (66,667 underlying)
Footnotes (5)
- [F1]These options were issued with an exerciase price of CAD$0.495. The reported exercise price represents the U.S. dollar equivalent using the Bank of Canada daily exchange rate of $0.7374 on the grant date of January 30, 2026.
- [F2]These option were granted on February 12, 2025, under the Issuer's Rolling 10% Incentive Share Option Plan and vest in equal amounts of 200,000 on the first and second anniversary of the grant date.
- [F3]Each Restricted Share Unit ("RSU") represents a contingent right to receive one Common Share.
- [F4]Represents RSUs granted on February 12, 2025, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan. These share will vest in accordance with the following schedule: 33,333 units vested on February 12, 2026, 33,333 units vest on February 12, 2027, and 33,334 units vest on February 12, 2028.
- [F5]Represents RSUs granted on May 14, 2026, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan. These share will vest in accordance with the following schedule: 166,666 units vest on May 14, 2027, 166,667 units vest on May 14, 2028, and 166,667 units vest on May 14, 2029.