Form 4: Perpetua Resources Director Opts for Equity Compensation, Acquiring Deferred Share Units

Perpetua Resources Corp. Director Richie Darrin Haddock acquired 531 deferred share units (DSUs) on June 25, 2025, as part of his compensation, increasing his total beneficial ownership to 26,439 DSUs.

Summary

• Richie Darrin Haddock, a Director of Perpetua Resources Corp. (PPTA), acquired 531 Deferred Share Units (DSUs).
• The transaction occurred on June 25, 2025, and was reported on June 26, 2025.
• These DSUs were received 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 its value.
• The DSUs are fully vested as of the grant date and will be settled following Mr. Haddock's separation from service.
• The value of the DSUs 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 per share.
• Following this transaction, Mr. Haddock beneficially owns a total of 26,439 Deferred Share Units.

Sentiment

Score: 6

Explanation: The acquisition of deferred share units by a director in lieu of cash compensation is a routine event that generally indicates alignment of interests between management and shareholders, contributing to a neutral to slightly positive sentiment.

Positives

• Director Richie Darrin Haddock elected to receive Deferred Share Units (DSUs) instead of a cash retainer, which typically indicates a stronger alignment of interests with shareholders.
• The acquired DSUs are fully vested as of the grant date, providing immediate ownership rights tied to the company's future performance.

Future Outlook

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

Management Comments

• The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the second quarter of 2025.

Industry Context

This Form 4 filing reports a routine insider transaction related to director compensation. The practice of compensating directors with equity, such as Deferred Share Units, is a common mechanism across various industries to align the interests of company leadership with those of shareholders.

Comparison to Industry Standards

• The practice of compensating directors with Deferred Share Units (DSUs) in lieu of cash is a common industry standard for aligning management incentives with shareholder interests.
• No specific comparable companies, projects, or results are detailed within this filing for a direct benchmark analysis.

Related Party Transactions

• Acquisition of 531 Deferred Share Units by Director Richie Darrin Haddock in lieu of a cash retainer, which constitutes a transaction between the company and a related party (director) as part of an existing compensation plan.

Stakeholder Impact

• Shareholders: The election by a director to receive equity compensation (DSUs) instead of cash may signal increased alignment of management's interests with shareholder value, as the director's personal wealth becomes more directly tied to the company's stock performance.

Next Steps

• The Deferred Share Units (DSUs) will be settled following the reporting person's separation from service.

Key Dates

Recommendation

Keywords

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