Form 4: Perpetua Resources Director Opts for Equity Compensation

Perpetua Resources Director Richie Darrin Haddock elected to receive 694 Deferred Share Units in lieu of a cash retainer for his Q1 2026 service.

Summary

• Richie Darrin Haddock, a Director of Perpetua Resources Corp. (PPTA), acquired 694 Deferred Share Units (DSUs).
• The transaction occurred on March 25, 2026.
• These DSUs were received in lieu of a cash retainer for his service during the first quarter of 2026.
• Each DSU entitles the holder to receive one common share of Perpetua Resources Corp. or, at the holder's election and administrator's approval, cash equal to its value on the settlement date.
• The DSUs are fully vested as of the grant date and will be settled following Haddock's separation from service.
• The value per DSU was $25.18, based on the closing price of Perpetua Resources Corp.'s Common Shares on the Nasdaq Capital Market on March 24, 2026.
• Following this transaction, Haddock beneficially owns a total of 30,338 Deferred Share Units.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating a director's commitment to the company's long-term performance through equity compensation.

Positives

• A Director choosing to receive equity (Deferred Share Units) instead of cash for compensation demonstrates alignment of interests with shareholders, potentially signaling confidence in the company's long-term prospects.

Future Outlook

The Deferred Share Units acquired by Director Haddock are fully vested as of the grant date and will be settled following his separation from service from Perpetua Resources Corp.

Management Comments

• Director Richie Darrin Haddock elected to receive Deferred Share Units in lieu of a cash retainer for his service during the first quarter of 2026.

Industry Context

StockSavvy.ai notes that the election by a director to receive equity compensation, such as Deferred Share Units, in lieu of cash is a common practice across various industries. This aligns the director's financial interests with those of the shareholders, potentially signaling confidence in the company's long-term prospects.

Comparison to Industry Standards

• This transaction is consistent with common corporate governance practices where directors receive a portion of their compensation in equity. While specific comparable companies or projects are not detailed in this filing, the general trend in the mining and resource sector, similar to other capital-intensive industries, often involves executive and director compensation structures that include equity components to incentivize long-term performance and alignment with shareholder value.

Stakeholder Impact

• Shareholders: Potentially positive, as the director's interests are more aligned with long-term share price performance.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific filing.

Next Steps

• Settlement of the Deferred Share Units will occur following Richie Darrin Haddock's separation from service.

Key Dates

Recommendation

The filing reports a routine insider transaction where a director opted for equity compensation. While this demonstrates alignment of interests, it does not present new material information significant enough to warrant a change in an existing investment recommendation. It reinforces a 'hold' stance for investors already in Perpetua Resources, as it signals continued insider confidence without altering the company's operational or financial fundamentals.

Keywords

Perpetua Resources, PPTA, Form 4, Insider Transaction, Deferred Share Units, DSU, Director Compensation, Equity Compensation