Ottewell David A. 4
4 · NOVAGOLD RESOURCES INC · Filed Dec 16, 2022
Insider Transaction Report
Form 4
Ottewell David A.
Vice President & CFO
Transactions
- Award
Performance Share Units ("PSUs")
2022-12-15+35,500→ 35,500 totalExercise: $0.00→ Common Shares (35,500 underlying)
Footnotes (1)
- [F1]Represents a grant of Performance Share Units ("PSUs") made pursuant to the Issuer's 2009 Performance Share Unit Plan, as amended ("PSU Plan") which are subject to vesting criteria set by the board of directors of the Issuer. The PSUs may convert into common shares of the Issuer or the cash value thereof at 100% of the PSU grant amount if the vesting criteria is met. The anticipated vesting date is June 30, 2024. The common shares underlying vested PSUs or the cash value thereof, as determined by the Issuer, will be paid to the reporting person, net of applicable tax at the option of the Issuer, as soon as practicable following the vesting date. The reporting person shall not have any voting or dispositive rights with respect to the underlying common shares of the PSUs until the vesting criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.