Form 4: Perpetua Resources Corp. Director Acquires Deferred Share Units

Director Alexander McLeod Sternhell acquired 1,672 Deferred Share Units (DSUs) of Perpetua Resources Corp. on March 31, 2024, in lieu of a cash retainer.

Summary

• On March 31, 2024, Alexander McLeod Sternhell, a director of Perpetua Resources Corp., acquired 1,672 Deferred Share Units (DSUs).
• These DSUs were received in lieu of a cash retainer for his service during the first quarter of 2024.
• Each DSU entitles the holder to one common share of Perpetua Resources Corp., or cash equal to the value thereof, upon settlement.
• The DSUs are fully vested as of the grant date and will be settled in the calendar year following the director's separation from service.
• Following the transaction, Sternhell beneficially owns 47,621 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction (director receiving DSUs) which indicates continued involvement and alignment with the company's interests.

Positives

• The acquisition of DSUs by a director demonstrates their continued commitment to the company.
• The director elected to receive DSUs instead of cash, aligning their interests with shareholders.

Future Outlook

The DSUs will be settled in the calendar year following the director's separation from service, either in common shares or cash.

Management Comments

• The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the first quarter of 2024.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates