SILVER BOW MINING CORP. 8-K

What Happened
Silver Bow Mining Corp. announced that its compensation committee granted stock options under the company's 2022 Long Term Incentive Plan on May 19, 2026. Wade Black (CFO) received 15,000 options and Phillip Nickerson (VP, Exploration) received 30,000 options. Each grant is exercisable at US$11.50 per share for a five‑year term and vests one‑third each year on May 19, 2027, 2028 and 2029, subject to continued service.

Key Details

• Total options granted: 45,000 (15,000 to CFO Wade Black; 30,000 to VP Exploration Phillip Nickerson).
• Exercise price: US$11.50 per share.
• Term: five years from grant (expires May 19, 2031).
• Vesting: 1/3 on May 19, 2027; 1/3 on May 19, 2028; 1/3 on May 19, 2029, subject to continued service.
• Potential cash proceeds if all options exercised: US$517,500 (45,000 × US$11.50).

Why It Matters
These grants are routine executive compensation intended to align management incentives and support retention. For investors, they represent potential future dilution if exercised and will be recorded as compensation expense over the vesting period. The exercise price and vesting schedule are concrete terms to watch when assessing management incentives and any future share issuance.