Frederick Hume Earnest - 05 Mar 2023 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Role
President and CEO, Director
Signature
/s/ Paula J. Shade as attorney-in-fact for Frederick Hume Earnest
Issuer symbol
VGZ
Transactions as of
05 Mar 2023
Net transactions value
-$53,127
Form type
4
Filing time
07 Mar 2023, 20:11:00 UTC
Previous filing
03 May 2022
Next filing
28 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGZ Common Shares Options Exercise +43,334 +2.5% 1,798,617 05 Mar 2023 Direct F1
transaction VGZ Common Shares Options Exercise +130,282 +7.2% 1,928,899 05 Mar 2023 Direct F1
transaction VGZ Common Shares Options Exercise +32,333 +1.7% 1,961,232 05 Mar 2023 Direct F1
transaction VGZ Common Shares Tax liability $53,127 -101,232 -5.2% $0.5248 1,860,000 05 Mar 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VGZ Restricted Stock Units Options Exercise $0 -43,334 -100% $0.000000* 0 05 Mar 2023 Common Shares 43,334 Direct F1, F3
transaction VGZ Restricted Stock Units Options Exercise $0 -130,282 -77% $0.000000 38,718 05 Mar 2023 Common Shares 130,282 Direct F1, F4
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -12,718 -33% $0.000000 26,000 05 Mar 2023 Common Shares 12,718 Direct F1, F4
transaction VGZ Restricted Stock Units Options Exercise $0 -32,333 -13% $0.000000 209,667 05 Mar 2023 Common Shares 32,333 Direct F1, F5
transaction VGZ Restricted Stock Units Award $0 +387,000 $0.000000 387,000 05 Mar 2023 Common Shares 387,000 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs reported in Table II.
F3 466,000 RSUs were granted on March 1, 2020, and vest as follows: 130,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 196,000 on March 1, 2022, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 140,000 RSUs were subject to performance criteria and vested on March 1, 2021. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date
F4 279,000 RSUs were granted on February 23, 2021, and vest as follows: 78,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 117,000 on February 23, 2023, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 84,000 RSUs were subject to performance criteria and vested on February 23, 2022. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F5 242,000 RSUs were granted March 2, 2022 and vest as follows: 97,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 145,000 on March 2, 2024, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F6 The restricted stock units ("RSUs") granted March 5, 2023, vest as follows: 116,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 moths), subject to the reporting person's continuing service as an officer of the Issuer; and 271,000 on March 5, 2025, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.