Lang Gregory A. 4
4 · NOVAGOLD RESOURCES INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Novagold CEO Gregory Lang Receives 590,200-Share Awards
What Happened
Gregory A. Lang, President & CEO and a director of Novagold Resources Inc. (NG), was granted awards on Feb 2, 2026 totaling 590,200 derivative shares: 400,000 option-type awards and 190,200 Performance Share Units (PSUs). Both awards are reported as acquisitions at $0.00 (award/derivative), i.e., not open-market purchases or sales.
Key Details
- Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (timely filing).
- Awards: 400,000 (derivative options) @ $0.00; 190,200 PSUs @ $0.00 — total 590,200 awarded.
- Vesting/conditions:
- Options (400,000): vest 1/3 on 02/02/2027, 1/3 on 02/02/2028, and 1/3 on 02/02/2029 (Footnote F1).
- PSUs (190,200): performance-based, may convert to 0–150% of grant depending on results; anticipated vesting Feb 1, 2029; no voting/dispositive rights until performance criteria met and shares issued (Footnote F2).
- Shares owned after transaction: not disclosed in the provided filing excerpts.
- Transaction code: A = award/grant (derivative). Not an immediate sale or cash exercise.
Context
These are compensation awards (time- and performance-based) rather than open-market purchases or sales. Options will vest over multi-year service dates; PSUs depend on future performance and may pay out in shares or cash between 0% and 150% of the grant. Such grants are routine for senior executives and represent potential future equity, not immediate changes in marketable holdings.
Insider Transaction Report
- Award
Stock Option (right to buy)
[F1]2026-02-02+400,000→ 400,000 totalExercise: $8.73Exp: 2031-02-01→ Common Shares (400,000 underlying) - Award
Performance Share Units ("PSUs")
[F2]2026-02-02+190,200→ 190,200 totalExercise: $0.00→ Common Shares (190,200 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.