Form 4: Perpetua Resources Director Receives Deferred Share Units

Andrew Cole, a Director at Perpetua Resources Corp., has been granted 828 deferred share units (DSUs) as compensation for his services.

Summary

• Andrew Phillip Cole, a Director of Perpetua Resources Corp. (PPTA), received 828 deferred share units (DSUs) on June 25, 2026.
• These DSUs were received in lieu of a cash retainer for services rendered during the second quarter of 2026.
• The DSUs are fully vested as of the grant date and will be settled upon Mr. Cole's separation from service.
• Each DSU entitles the holder to one common share of Perpetua Resources Corp. or, at the holder's election and with administrator approval, cash equivalent to the value on the settlement date.
• The value of the DSUs is based on the closing price of the Issuer's Common Shares on June 24, 2026, which was $21.12 per share.
• Following this transaction, Mr. Cole beneficially owns 27,489 common shares directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine director compensation and does not provide new financial performance data or strategic updates.

Positives

• Director compensation is being provided in the form of equity, aligning management interests with shareholders.
• The DSUs are fully vested, providing immediate value to the reporting person.
• The transaction is structured to satisfy Rule 10b5-1(c) affirmative defense conditions, indicating a pre-planned transaction.

Negatives

• The filing does not contain any negative financial or operational information.

Risks

• The value of the deferred share units is tied to the market price of Perpetua Resources Corp. common shares, which can be volatile.
• Settlement of DSUs is contingent upon the reporting person's separation from service, introducing a timing uncertainty for the actual receipt of shares or cash.

Future Outlook

The deferred share units will be settled following the reporting person's separation from service, at which point the holder will receive common shares or an equivalent cash value.

Industry Context

StockSavvy.ai notes that the issuance of deferred share units is a common practice in the mining and resources sector for compensating directors and aligning their interests with long-term company performance.

Related Party Transactions

• Grant of 828 deferred share units to Director Andrew Cole in lieu of cash compensation for services rendered.

Stakeholder Impact

• Shareholders: The issuance of equity compensation can dilute existing share ownership, but also aligns director incentives with long-term value creation.
• Employees: This filing does not directly impact employees, but reflects the company's compensation strategy for its board.
• Management: The reporting person, Andrew Cole, receives compensation in the form of equity, which is subject to vesting and settlement conditions.

Next Steps

• Settlement of deferred share units upon Andrew Cole's separation from service.

Key Dates

Keywords

Perpetua Resources Corp., PPTA, Form 4, SEC Filing, Director Compensation, Deferred Share Units, Equity Incentive, Beneficial Ownership, Insider Trading