4//SEC Filing
Andres Dale 4
Accession 0001628280-24-052362
CIK 0001517006other
Filed
Dec 22, 7:00 PM ET
Accepted
Dec 23, 5:58 PM ET
Size
9.4 KB
Accession
0001628280-24-052362
Insider Transaction Report
Form 4
Andres Dale
DirectorCEO
Transactions
- Disposition to Issuer
Common Stock
2024-12-19$14.87/sh−39,763$591,276→ 299,839 total - Exercise/Conversion
Performance Stock Units
2024-12-19−39,763→ 0 totalFrom: 2024-12-19Exp: 2024-12-19→ Common Stock (39,763 underlying) - Exercise/Conversion
Common Stock
2024-12-19+39,763→ 339,602 total
Footnotes (3)
- [F1]On December 17, 2021 (the Grant Date), the reporting person was granted performance stock units (the PSUs) (with a target amount of 6,360 shares), each of which represents the right to receive cash or shares of common stock of Gatos Silver, Inc. (the Issuer), or a combination thereof, as determined by the Compensation Committee (the Compensation Committee) of the Issuer following the vesting date. The PSUs vest (between 0% and 200% of target) following a three-year performance period starting on the Grant Date and ending December 17, 2024 (the Vesting Date), based on the Issuer achievement of relative total stockholder return. On December 19, 2024, the Compensation Committee determined that 10,622 PSUs vested and that such PSUs would be settled in cash, based on an equivalent number of shares of the Issuer common stock valued at the closing price of the Issuer common stock on the Vesting Date.
- [F2]The PSUs were cash-settled and were deemed to have settled for an equivalent number of shares of the Issuer common stock.
- [F3]Each PSU is the economic equivalent of one share of the Issuer common stock.
Documents
Issuer
Gatos Silver, Inc.
CIK 0001517006
Entity typeother
Related Parties
1- filerCIK 0001866675
Filing Metadata
- Form type
- 4
- Filed
- Dec 22, 7:00 PM ET
- Accepted
- Dec 23, 5:58 PM ET
- Size
- 9.4 KB