Form 4: i-80 Gold Corp. Director Acquires Deferred Share Units

Christina McCarthy, a director at i-80 Gold Corp., acquired 22,349 deferred share units (DSUs) on January 15, 2025.

Summary

• Christina McCarthy, a director of i-80 Gold Corp., acquired 22,349 deferred share units (DSUs) on January 15, 2025.
• Each DSU is equivalent to one common share of i-80 Gold Corp.
• The DSUs were acquired at a price of $0.5984 per unit, converted from C$0.86 at an exchange rate of C$1.4371 to US$1.00.
• The underlying common shares will not be issued to Ms. McCarthy, and she will not have voting or dispositive rights until she separates from her role as a director.
• The DSUs vested immediately upon issuance and do not expire.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard director compensation practice, indicating confidence in the company's future.

Positives

• The acquisition of DSUs by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The underlying common shares will be issued to the reporting person upon separation from the board of directors.

Industry Context

This is a standard transaction for directors of publicly listed companies, often used as part of their compensation package.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) is a common practice in the mining industry for compensating directors and aligning their interests with shareholders.
• Many companies, such as Barrick Gold and Newmont, use similar equity-based compensation methods for their board members.
• The vesting and issuance terms of these DSUs are typical, with the shares being released upon the director's departure from the board.

Stakeholder Impact

• The acquisition of DSUs by a director can be seen as a positive sign for shareholders, indicating alignment of interests.

Key Dates

Keywords

Deferred Share Units, DSU, Director, i-80 Gold Corp, Share Acquisition, Insider Transaction, Christina McCarthy