Form 4: Perpetua Resources Director Elects Equity Compensation, Acquires Deferred Share Units

Perpetua Resources Corp. Director Chris J. Robison acquired 806 deferred share units (DSUs) valued at $13.09 each, electing equity compensation for his second-quarter 2025 service.

Summary

• Chris J. Robison, a Director of Perpetua Resources Corp. (PPTA), acquired 806 Deferred Share Units (DSUs) on June 25, 2025.
• The DSUs were acquired in lieu of a cash retainer for his service during the second quarter of 2025.
• Each DSU entitles the holder to receive one common share of Perpetua Resources Corp. or, at the holder's election and subject to approval, cash equal to the value thereof.
• The value of each DSU was based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on June 24, 2025, which was $13.09.
• The DSUs are fully vested as of the date of grant.
• Following this transaction, Mr. Robison beneficially owns 68,360 Deferred Share Units.
• The DSUs will be settled following Mr. Robison's separation from service.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director's election to receive equity compensation over cash signals confidence in the company's future and aligns their interests with shareholders.

Positives

• The Director, Chris J. Robison, elected to receive equity (Deferred Share Units) instead of cash for his compensation, which aligns his interests more closely with those of the shareholders.
• The acquisition increases the Director's beneficial ownership in the company, demonstrating continued confidence in Perpetua Resources Corp.

Future Outlook

The acquired Deferred Share Units are fully vested as of the grant date and will be settled following the reporting person's separation from service.

Management Comments

• Chris J. Robison elected to receive Deferred Share Units in lieu of a cash retainer for his service during the second quarter of 2025.

Industry Context

This filing reflects a common practice in corporate governance where directors elect to receive equity-based compensation, such as deferred share units, instead of cash. This method is often used to align the interests of the board members with those of the shareholders, encouraging long-term value creation.

Comparison to Industry Standards

• Electing equity compensation (DSUs) over cash for director services is a widely accepted and common practice across various industries, including the mining and resources sector, as it fosters alignment between director incentives and shareholder returns.
• The structure of DSUs, which vest immediately but settle upon separation from service, is a standard mechanism for retaining directors and ensuring their long-term commitment to the company's performance.

Related Party Transactions

• The acquisition of Deferred Share Units by Director Chris J. Robison in lieu of a cash retainer constitutes a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The transaction aligns the Director's financial interests with those of the shareholders, potentially leading to more shareholder-centric decision-making.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• Settlement of the Deferred Share Units will occur following Chris J. Robison's separation from service.

Key Dates

Keywords

Perpetua Resources Corp., PPTA, SEC Form 4, Insider Transaction, Director Compensation, Deferred Share Units, Equity Compensation, Corporate Governance