Form 4: Director Anton J. Drescher Acquires Deferred Stock Units in International Tower Hill Mines Ltd

Anton J. Drescher, a director of International Tower Hill Mines Ltd, acquired 88,298 deferred stock units on May 29, 2024, which vest upon the end of his service as a director.

Summary

• On May 29, 2024, Anton J. Drescher, a director of International Tower Hill Mines Ltd, acquired 88,298 deferred stock units.
• Each deferred stock unit represents the right to receive one common share of International Tower Hill Mines Ltd.
• The deferred stock units vested fully on the grant date.
• Drescher will receive the shares underlying the deferred stock units upon the end of his service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with the company's long-term performance.

Industry Context

This filing reflects standard executive compensation practices within the mining industry, where deferred stock units are often used to align the interests of directors with the long-term performance of the company.

Comparison to Industry Standards

• Deferred stock units are a common form of executive compensation in the mining industry, similar to practices at companies like Barrick Gold and Newmont Corporation.
• These units typically vest over time or upon achieving certain performance milestones, aligning executive interests with shareholder value.
• The vesting schedule tied to the end of service as a director is a fairly standard practice to ensure continued commitment.

Stakeholder Impact

• The acquisition of deferred stock units by a director can positively impact shareholders by aligning the director's interests with the long-term success of the company.

Key Dates