Form 4: United States Antimony Corp Director & Co-CEO Lloyd Bardswich Receives Stock Awards

Lloyd Bardswich, Director & Co-CEO of United States Antimony Corp, was granted stock units and options under the company's 2023 Equity Incentive Plan.

Summary

• On March 1, 2024, Lloyd Bardswich, Director & Co-CEO of United States Antimony Corp, received a stock unit (RSU) award for 500,000 shares of common stock.
• One-third of the RSU award (166,667 shares) vested immediately on March 1, 2024.
• The remaining two-thirds of the RSU award will vest in equal installments on each anniversary thereafter, contingent upon continued service.
• Bardswich also received a stock option award for 500,000 shares of common stock with an exercise price of $0.22.
• The stock option will vest in three equal annual installments starting March 1, 2025, subject to continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of equity awards is a standard practice, but it signals confidence in the executive's continued contributions and the company's future prospects.

Positives

• The equity awards align the executive's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Risks

• The value of the awards is dependent on the future performance of the company's stock.
• The executive must remain employed to fully vest the awards.

Future Outlook

The awards are subject to continued service, suggesting an expectation of ongoing contributions from the executive.

Industry Context

Equity compensation is a common practice to attract, retain, and incentivize key executives in publicly traded companies, particularly in the resource sector.

Comparison to Industry Standards

• Equity grants are a standard component of executive compensation packages in the mining industry.
• Companies like Hecla Mining and Coeur Mining also utilize stock options and restricted stock units to incentivize their executives.
• The vesting schedules are typical, aligning with industry norms for retention and performance incentives.

Stakeholder Impact

• Shareholders may view the equity awards as aligning management's interests with their own.
• Employees may see the awards as a sign of the company's commitment to its leadership.

Next Steps

• Continued monitoring of vesting schedules and potential future transactions by the reporting person.

Key Dates