ESOPJul 10, 2026, 04:42 PM
Franco Nevada Amends & Restates Share Compensation Plan
AI Summary
Franco Nevada Corp has amended and restated its Share Compensation Plan, which governs the award of Restricted Share Units (RSUs) and Options to eligible persons. The plan reserves 9,700,876 Common Shares for issuance and sets limits on the number of shares that can be issued to individual participants and insider participants. It also details vesting criteria, redemption processes, tax implications, and conditions for amendments and termination.
Key Highlights
- Plan allows issuance of up to 9,700,876 Common Shares.
- Individual participant share limit: 5% of outstanding Common Shares.
- Insider participant share limit: 5% of outstanding Common Shares.
- Time-based RSUs and Options vest 33 1/3% annually over three years.
- Options have a maximum term of 10 years from grant date.
- Non-employee director options limited to 1.00% of outstanding shares.
- Shareholder approval needed for certain amendments, e.g., increasing share limits.
Price Impact
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