Form 4: Perpetua Resources Corp. Director Robert Alan Dean Reports Acquisition of Deferred Share Units

Director Robert Alan Dean reports acquisition of 2,190 Deferred Share Units (DSUs) in Perpetua Resources Corp.

Summary

• On March 31, 2024, Robert Alan Dean, a director of Perpetua Resources Corp., acquired 2,190 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 on the date of settlement, at the holder's election and subject to approval.
• The DSUs are fully vested as of the grant date and will be settled following Dean's separation from service.
• Following the transaction, Dean directly owns 55,073 common shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of interests between the director and the company's shareholders.

Positives

• The acquisition of DSUs demonstrates the director's continued investment in the company.
• The director elected to receive DSUs in lieu of cash, which may indicate confidence in the company's future performance.

Future Outlook

The DSUs will be settled following the reporting person's separation from service.

Industry Context

This filing is a routine disclosure of a director's acquisition of company equity, which is common practice for aligning management interests with shareholder value in publicly traded companies.

Comparison to Industry Standards

• Director compensation in the form of stock options or deferred share units is a common practice among publicly listed companies, particularly in the resource sector.
• The vesting and settlement terms of these DSUs are typical, with settlement occurring upon separation from service.
• Similar compensation structures can be observed in companies like Barrick Gold and Newmont Corporation, where directors often receive equity-based compensation.

Related Party Transactions

• The acquisition of DSUs by the director can be considered a related party transaction, as it involves compensation for services provided to the company.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence by aligning management's interests with those of the shareholders.

Key Dates