GARCIA NORMA LINDA 4
4 · INTERNATIONAL BATTERY METALS LTD. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
International Battery Metals (IBATF) GC Norma Garcia Receives RSU Award
What Happened
Norma Linda Garcia, General Counsel of International Battery Metals Ltd. (IBATF), was granted 740,524 restricted share units (RSUs) reported as a derivative acquisition on June 22, 2026. The RSUs were reported at $0.00 (typical for awards) and do not reflect an open‑market purchase or sale.
Key Details
- Transaction type: A = Award/Grant of RSUs (derivative).
- Transaction date reported: June 22, 2026; Form 4 filed June 23, 2026 (appears timely).
- Amount: 740,524 RSUs acquired; reported price $0.00.
- Vesting: Per footnote, these RSUs were granted under the Issuer’s Amended and Restated Restricted Share Unit Plan (grant dated June 19, 2026) and vest as follows: 246,841 units on June 19, 2027; 246,841 on June 19, 2028; and 246,842 on June 19, 2029. (Each RSU represents a contingent right to one common share.)
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Filing code/notes: Derivative award (RSUs); not an exercise, sale, or 10b5‑1 trade.
Context
RSUs are compensation awards that convert to shares only if vesting conditions are met; they are not an immediate cash purchase or sale and do not necessarily signal insider buying/selling intent. This grant increases potential future ownership as units vest over three years.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-06-22+740,524→ 740,524 total→ Common Stock, no par value (740,524 underlying)
- 33,333
Common Shares, no par value
- 400,000
Options (Rights to Buy)
[F3][F4]Exercise: $0.36Exp: 2030-02-12→ Common Shares, no par value (400,000 underlying) - 66,667
Restricted Share Units
[F1][F5]→ Common Shares, no par value (66,667 underlying) - 500,000
Restricted Share Units
[F1][F6]→ Common Shares, no par value (500,000 underlying)
Footnotes (6)
- [F1]Each Restricted Share Unit ("RSU") represents a contingent right to receive one Common Share.
- [F2]Represents RSUs granted on June 19, 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: 246,841 units vest on June 19, 2027, 246,841 units vest on June 19, 2028, and 246,842 units vest on June 19, 2029.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.