Form 4: Ur-Energy Inc. Executive Penne A. Goplerud Reports Stock Option and Restricted Share Unit Grants

Ur-Energy Inc.'s General Counsel and Corporate Secretary, Penne A. Goplerud, was granted stock options and restricted share units on December 12, 2024.

Summary

• Penne A. Goplerud, General Counsel and Corporate Secretary of Ur-Energy Inc., received stock options and restricted share units on December 12, 2024.
• The stock options grant was for 132,660 common shares with an exercise price of $1.2475 per share, which is the US dollar equivalent of the Canadian dollar price of $1.77.
• These options vest in three equal tranches of 44,220 shares on December 12, 2025, 2026, and 2027.
• Additionally, 33,165 restricted share units were granted, each redeemable for one common share, vesting on or within 30 days of December 12, 2026.
• Following these transactions, Ms. Goplerud directly owns 662,056 common share options and 85,585 restricted share units.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of stock options and restricted share units aligns the executive's interests with those of the shareholders.
• The vesting schedule for the options and restricted share units encourages long-term commitment from the executive.

Future Outlook

The vesting schedule of the options and restricted share units suggests a long-term incentive plan for the executive.

Industry Context

This type of equity-based compensation is common in the mining and resource industry to attract and retain key executives.

Comparison to Industry Standards

• Equity grants are a standard practice for executive compensation in the resource sector, often including a mix of stock options and restricted share units.
• Vesting schedules are typically structured over a 3-5 year period to align executive interests with long-term company performance, which is consistent with the vesting schedule in this document.
• Companies like Cameco and Energy Fuels also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the equity grants positively as they align executive interests with long-term company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

stock options, restricted share units, executive compensation, insider trading, beneficial ownership, Ur-Energy Inc, URG