Frontier Nuclear (FNUC) Director Kathleen Skerrett Redeems RSUs

What Happened

• Kathleen Skerrett, a director of Frontier Nuclear & Minerals Inc. (FNUC), redeemed a total of 20,468 vested restricted share units (RSUs) for cash on July 6, 2026. The Form 4 reports two derivative conversion entries: 12,259 RSUs (grant July 21, 2025) and 8,209 RSUs (grant February 23, 2026). Each conversion is shown with a $0 per-share exercise price and is marked as "Disposed" (cash redemption); no common shares were issued in connection with these redemptions.

Key Details

• Transaction date: July 6, 2026 (two entries: 12,259 RSUs and 8,209 RSUs).
• Report filed: July 20, 2026 (appears untimely vs. the usual two-business-day Form 4 requirement).
• Price reported on Form 4: $0.00 per unit (reflects RSU redemption to cash rather than purchase at a strike price).
• Settlement: Issuer required to settle cash redemptions within ten business days of each redemption date.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: RSUs were granted under the company’s RSU plan (grants dated July 21, 2025 and Feb 23, 2026); the reporting person elected cash redemption rather than receiving shares.

Context

• These entries are labeled with transaction code "M" (exercise or conversion of a derivative security) and reflect conversion of RSUs to cash, not an open-market sale or purchase of common stock. Cash settlements of RSUs are commonly routine compensation events and do not, by themselves, indicate the insider’s view of the company’s stock.