WILLIAMS RICHARD ALAN 4
4 · NOVAGOLD RESOURCES INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
NOVAGOLD (NG) VP/COO Richard Williams Receives Awards
What Happened
Richard Alan Williams, Vice President & Chief Operating Officer of NOVAGOLD Resources Inc. (NG), received two derivative awards on February 2, 2026: 134,800 stock option-type awards (reported as a derivative grant) and 64,100 Performance Share Units (PSUs). Both grants were reported at an acquisition price of $0.00 (typical for awards); no immediate cash transaction or open-market purchase/sale occurred.
Key Details
- Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears timely).
- Grants: 134,800 derivative awards (options) @ $0.00; 64,100 PSUs @ $0.00.
- Shares owned after transaction: not disclosed in the provided filing details.
- Footnote F1 (options): Vesting is 1/3 on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029.
- Footnote F2 (PSUs): PSUs are performance-based and may convert to common shares or cash at 0%–150% of the grant depending on performance. Anticipated vesting date is 02/01/2029; underlying shares (or cash value) will be paid net of applicable taxes at the issuer’s option. Reporting person has no voting/dispositive rights for PSUs until performance criteria are met and shares (if any) are issued.
Context
These are compensation awards (not purchases or sales). Options vest over three years and PSUs are subject to multi-year performance goals, so they represent potential future equity depending on tenure and performance rather than immediate increases in outstanding share count. No immediate exercise or cashless sale was reported.
Insider Transaction Report
- Award
Stock Option (right to buy)
[F1]2026-02-02+134,800→ 134,800 totalExercise: $8.73Exp: 2031-02-01→ Common Shares (134,800 underlying) - Award
Performance Share Units ("PSUs")
[F2]2026-02-02+64,100→ 64,100 totalExercise: $0.00→ Common Shares (64,100 underlying)
Footnotes (2)
- [F1]The options vest as follows: 1/3 on 02/02/2027; 1/3 on 02/02/2028; and 1/3 on 02/02/2029.
- [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 February 01, 2029. 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.