Tactical Resources (TREO) CEO Sundher Ranjeet Receives Award

What Happened

• Sundher Ranjeet, CEO of Tactical Resources Corp. (TREO), received a grant of 30,000 performance stock units (PRSUs) on 2026-08-20. The PRSUs were reported as a derivative award (Form 4 code A) with an acquisition price of $0.00 — there was no cash purchase by the insider.
• The grant is contingent and will convert into common shares only if specified share-price targets are met (or upon a change of control). The filing notes the reported amounts reflect a 1-for-4 reverse stock split effective 08/20/2026.

Key Details

• Transaction date: 2026-08-20; Form 4 filed: 2026-08-24 (filed within the 2 business‑day reporting window).
• Instrument: 30,000 PRSUs (derivative award); reported acquisition price: $0.00.
• Vesting triggers (per footnote): one-third vests if the stock reaches a $50 VWAP level, one-third at $60, and one-third at $70; continued employment required; any unvested PRSUs are forfeited if still unvested seven years after grant.
• Reverse split: amounts reflect a 1-for-4 reverse stock split of the common shares effective 08/20/2026.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Tax/withholding: none reported in the provided excerpt.

Context

• PRSUs are contingent performance awards — they do not represent immediately owned shares and carry no immediate cash value to the insider unless and until conditions are met (or a change of control occurs). Such grants are typically used for retention and performance incentives and should not be read as an immediate buy/sell signal.