ESOPAug 7, 2026, 05:01 PM
Santacruz Silver Grants 660,000 Equity Incentive Units
AI Summary
Santacruz Silver Mining Ltd. announced the grant of an aggregate of 660,000 equity incentive units to certain directors, officers, and employees under its Omnibus Equity Incentive Plan. This includes 304,000 Performance Share Units (PSUs), 296,000 Restricted Share Units (RSUs), and 60,000 Deferred Share Units (DSUs). The PSUs will vest based on performance metrics, while RSUs and DSUs will vest in equal one-third installments annually. The grants are considered a related party transaction but are exempt from formal valuation and minority shareholder approval requirements.
Key Highlights
- Granted 304,000 Performance Share Units (PSUs) to directors, officers, and employees.
- Granted 296,000 Restricted Share Units (RSUs) to directors, officers, and employees.
- Granted 60,000 Deferred Share Units (DSUs) to directors, officers, and employees.
- PSUs vest upon achievement of specific performance metrics.
- RSUs and DSUs vest in equal one-third installments on each anniversary of the grant date.
- Vested PSUs and DSUs can be redeemed for one common share each.
- Vested RSUs can be redeemed for one common share or cash, at the Company's election.
Price Impact
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