4//SEC Filing
Ottewell David A. 4
Accession 0001214659-23-015958
CIK 0001173420other
Filed
Dec 3, 7:00 PM ET
Accepted
Dec 4, 2:04 PM ET
Size
11.3 KB
Accession
0001214659-23-015958
Insider Transaction Report
Form 4
Ottewell David A.
Vice President & CFO
Transactions
- Exercise/Conversion
Performance Share Units ("PSUs")
2023-12-01−52,400→ 0 totalExercise: $0.00→ Common Shares (52,400 underlying) - Award
Stock Option (right to buy)
2023-12-01+318,600→ 318,600 totalExercise: $4.20Exp: 2028-11-30→ Common Shares (318,600 underlying) - Award
Performance Share Units ("PSUs")
2023-12-01+138,100→ 138,100 totalExercise: $0.00→ Common Shares (138,100 underlying)
Footnotes (3)
- [F1]The options vest as follows: 1/3 on 12/1/2024; 1/3 on 12/1/2025; and 1/3 on 12/1/2026.
- [F2]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 performance 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 anywhere between 0% and 150% of the PSU grant amount depending upon actual performance against the performance criteria. The anticipated vesting date is December 1, 2026. 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 performance criteria has been met and, at the option of the Issuer, the underlying common shares have been issued to the reporting person.
- [F3]The December 1, 2020 grant totaling 52,400 Performance Share Units (PSUs), which were subject to performance criteria set by the board of directors of the Issuer, was previously voluntarily reported on Form 4 on December 1, 2020. On December 1, 2023, the minimum threshold performance criteria was deemed not to have been met resulting in the grant being forfeited with 0% vesting.
Documents
Issuer
NOVAGOLD RESOURCES INC
CIK 0001173420
Entity typeother
Related Parties
1- filerCIK 0001515674
Filing Metadata
- Form type
- 4
- Filed
- Dec 3, 7:00 PM ET
- Accepted
- Dec 4, 2:04 PM ET
- Size
- 11.3 KB