Form 4: Perpetua Resources Director Acquires Deferred Share Units

Alexander Sternhell, a director of Perpetua Resources Corp., acquired 1,338 deferred share units (DSUs) on June 28, 2024, in lieu of a cash retainer.

Summary

• On June 28, 2024, Alexander Sternhell, a director of Perpetua Resources Corp., acquired 1,338 deferred share units (DSUs).
• These DSUs were received in lieu of a cash retainer for his service during the second 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 in the calendar year following the reporting person's separation from service.
• Following the transaction, Sternhell directly owns 48,959 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of DSUs by a director indicates confidence in the company's future, but it's a routine transaction.

Positives

• The acquisition of DSUs demonstrates the director's continued commitment to the company.
• Receiving DSUs in lieu of cash can be seen as a tax-efficient compensation strategy.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It is common for directors to receive equity-based compensation, such as DSUs, as part of their overall remuneration package.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation.
• The acquisition of DSUs aligns the director's interests with those of the shareholders.

Key Dates