Form 4: U.S. Antimony CEO receives RSUs and options

United States Antimony’s Chairman & CEO Gary C. Evans received 304,524 time-based RSUs and 308,133 performance-vested stock options on January 15, 2026 under the Amended & Restated 2023 Equity Incentive Plan.

Summary

• On January 15, 2026, Chairman & CEO and Director Gary C. Evans was granted 304,524 restricted stock units (RSUs) and 308,133 stock options under the Amended & Restated 2023 Equity Incentive Plan.
• RSUs vest in three equal tranches of 101,508 shares: one-third on January 15, 2026, one-third on January 15, 2027, and one-third on January 18, 2028, subject to continued service.
• Stock options have a $8.29 exercise price and vest upon achieving specified performance measures at any time during the 10-year term, subject to continued service.
• Transactions were reported as grants (Transaction Code A) with direct ownership.
• The report was signed on March 30, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as neutral: a standard executive equity grant with a balanced time/performance mix, offset by immediate RSU vesting and limited detail on performance criteria.

Positives

• Compensation mix blends time-based RSUs and performance-based options, aligning executive incentives with long-term performance and retention.
• Performance-vested options require achievement of specified measures before vesting, improving pay-for-performance alignment.
• 10-year option term supports long-term focus consistent with executive incentive design norms.

Negatives

• Potential dilution from 304,524 RSUs and 308,133 options if fully vested/exercised.
• Immediate vesting of one-third of RSUs on grant date reduces the retention impact of the award.
• Specific performance measures for option vesting are not disclosed, limiting investor visibility into rigor and alignment.

Future Outlook

No forward-looking guidance provided.

Management Comments

• RSU award vests one-third on January 15, 2026, one-third on January 15, 2027, and one-third on January 18, 2028, subject to continued service.
• Stock option award vests upon meeting specified performance measures at any time during the 10-year term, subject to continued service.

Industry Context

StockSavvy.ai notes that time-based RSUs combined with performance-based options are common across metals and mining companies to balance retention and performance alignment; immediate partial vesting is less common than strictly back-loaded or fully three-year schedules, but a 10-year option term is standard.

Comparison to Industry Standards

• Vesting structure: Three-tranche RSU vesting is broadly consistent with small- and mid-cap mining peers; companies like Hecla Mining (HL) and Coeur Mining (CDE) commonly employ multi-year RSU/PSU vesting schedules over roughly three years.
• Performance-based equity: Use of performance conditions for option vesting aligns with sector best practices where PSUs or performance options vest on operational, financial, or TSR goals (e.g., peers often disclose metrics in proxy statements).
• Option term: A 10-year option term mirrors standard practice for U.S.-listed miners and materials companies.
• Disclosure rigor: Many peers provide detailed performance metric disclosure in annual proxies; the absence of disclosed metrics here offers less transparency than common practice among larger peers.

Corporate Governance

Related Party Transactions

• Equity awards (304,524 RSUs and 308,133 options) granted to Chairman & CEO Gary C. Evans under the company’s Amended & Restated 2023 Equity Incentive Plan.

Stakeholder Impact

• Shareholders: Potential dilution if RSUs vest and options are exercised.
• Employees: Reinforces precedent for equity-based compensation and retention frameworks.
• Creditors: No immediate cash impact; potential long-term alignment of management incentives with company performance.
• Governance: Mixed time/performance structure supports alignment; lack of disclosed performance metrics limits transparency.

Next Steps

• Monitor RSU vesting on January 15, 2027 and January 18, 2028, contingent on continued service.
• Track disclosure of performance outcomes that would trigger option vesting during the 10-year term.

Key Dates

Keywords

United States Antimony, UAMY, Form 4, insider transaction, Gary C. Evans, restricted stock units, stock options, equity incentive plan, antimony, specialty metals