Form 4: Lightbridge CFO Larry Goldman Receives Equity Awards

Lightbridge Corporation's CFO, Larry Goldman, was granted 167,809 shares of common stock through restricted stock and performance-based awards.

Summary

• Larry Goldman, CFO of Lightbridge Corporation (LTBR), was granted a total of 167,809 shares of common stock on August 28, 2025.
• This includes 41,952 shares as Restricted Stock Awards (RSAs) and 125,857 shares as Performance-based Restricted Stock Awards (PSAs).
• The RSAs will vest in three equal annual installments on the first, second, and third anniversaries of the grant date (August 28, 2025), contingent on continued service.
• The PSAs will vest upon the achievement of a specified performance condition and continued service on the certification date. Any unvested PSAs will be forfeited and cancelled without consideration if the performance condition is not met by December 31, 2028.
• Mr. Goldman also beneficially owns fully vested employee stock options for 4,469 shares at an exercise price of $18.48 (expiring November 9, 2026) and 5,449 shares at an exercise price of $55.2 (expiring November 20, 2025).
• Following these transactions, Mr. Goldman beneficially owns 337,086 shares of common stock directly.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of executive compensation, which is generally a neutral to slightly positive event as it aligns management incentives with shareholder interests. No significant positive or negative surprises are indicated.

Positives

• The grants align the CFO's interests with long-term shareholder value through equity ownership.
• Performance-based awards incentivize the achievement of specific company goals.
• The awards represent a significant component of executive compensation, reflecting confidence in the CFO's role.

Risks

• For the reporting person, the Performance-based Restricted Stock Awards (PSAs) are subject to forfeiture if specified performance conditions are not met by December 31, 2028.
• Continued service is required for both RSAs and PSAs to vest, posing a risk of forfeiture if employment ceases.

Future Outlook

The vesting schedules for the Restricted Stock Awards (RSAs) extend over three years, with the final installment vesting on August 28, 2028. The Performance-based Restricted Stock Awards (PSAs) have a performance period ending on December 31, 2028, requiring the achievement of specified conditions for vesting. These awards are designed to incentivize the CFO's long-term commitment and performance through the end of 2028.

Industry Context

The granting of restricted stock and performance-based awards is a common practice in executive compensation across various industries, particularly in publicly traded companies. These equity awards are designed to align the interests of executives with those of shareholders by tying a significant portion of their compensation to the company's stock performance and strategic achievements. The structure of these awards, including vesting schedules and performance conditions, is typical for incentivizing long-term executive retention and performance.

Comparison to Industry Standards

• The use of both time-based Restricted Stock Awards (RSAs) and performance-based Restricted Stock Awards (PSAs) is a standard practice in executive compensation packages, similar to those offered by companies like General Electric (GE) or Intel (INTC) to their senior executives.
• The multi-year vesting schedule for RSAs (three equal annual installments) is a common approach to encourage long-term retention, comparable to vesting schedules seen at companies such as Microsoft (MSFT) or Apple (AAPL) for their executive equity grants.
• The inclusion of specific performance conditions for PSAs, with a forfeiture clause for unachieved targets by a defined date (December 31, 2028), aligns with best practices for linking executive pay to strategic outcomes, mirroring structures found in compensation plans at companies like ExxonMobil (XOM) or Pfizer (PFE).
• The beneficial ownership of fully vested stock options with varying exercise prices and expiration dates is also a standard component of executive compensation, providing additional long-term incentive, similar to option grants at companies like Amazon (AMZN) or Tesla (TSLA).

Related Party Transactions

• The grants of Restricted Stock Awards and Performance-based Restricted Stock Awards to Larry Goldman, the company's CFO, constitute a related party transaction as it involves compensation between the company and a key executive. This is a standard and disclosed form of executive compensation.

Stakeholder Impact

• Shareholders: The grants represent a form of executive compensation that could lead to minor dilution over time as shares vest. However, they also aim to align the CFO's interests with long-term shareholder value creation.
• Employees: The compensation structure for the CFO may set a precedent or reflect the company's overall approach to executive incentives.
• Management: The awards provide significant long-term incentives and compensation for the CFO, contingent on continued service and performance.

Next Steps

• Vesting of Restricted Stock Awards (RSAs) on August 28, 2026, August 28, 2027, and August 28, 2028.
• Assessment and certification of performance conditions for Performance-based Restricted Stock Awards (PSAs) by December 31, 2028.
• Potential exercise of existing employee stock options before their respective expiration dates (November 20, 2025, and November 9, 2026).

Key Dates

Keywords

Lightbridge Corporation, LTBR, Larry Goldman, CFO, Form 4, SEC filing, insider transaction, restricted stock awards, performance-based awards, equity compensation, stock options, executive compensation