Wortzman Jack 4
4 · Frontier Nuclear & Minerals Inc. · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
Frontier Nuclear (FNUC) Director Jack Wortzman Settles RSUs for $29.3K
What Happened Jack Wortzman, a director of Frontier Nuclear & Minerals Inc. (FNUC), settled 7,500 restricted share units (RSUs) in a cash-only settlement on April 10, 2026. The filing reports a derivative conversion (transaction code M) showing 7,500 units disposed at $3.91 each for a total cash payment of $29,313. No common shares were issued in connection with this settlement.
Key Details
- Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (filed within the two-business-day window).
- Reported price/value: $3.91 per unit (30-day VWAP used = $3.9084); total cash paid $29,313.00.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: RSUs were granted 2025-07-21 under the issuer's RSU Plan; each RSU converts to one common share or cash equivalent as allowed; these RSUs do not expire. The settlement was cash-only (no shares issued).
- Transaction code: M (exercise/conversion of derivative); reported as a disposition (cash settlement).
Context This was a routine cash settlement of previously granted RSUs rather than an open-market sale of shares or a cash purchase. Cash-settled RSU events commonly occur for compensation or tax-withholding purposes and do not by themselves indicate insider buying interest.
Insider Transaction Report
- Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-04-10$3.91/sh−7,500$29,313→ 0 total→ Common Shares (7,500 underlying)
Footnotes (3)
- [F1]On April 10, 2026, 7,500 Restricted Share Units ("RSUs") were settled in cash only. No Common Shares were issued in connection with the settlement. The cash amount paid was US$29,313.00, calculated using the 30-day VWAP of US$3.9084 per share on the grant date.
- [F2]The RSUs were granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan"). The RSUs vest on such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU plan.
- [F3]The RSUs do not expire.