Galantas Gold Grants RSUs and Stock Options
Galantas Gold Corporation announced the grant of 33,650,000 Restricted Share Units (RSUs) and 775,000 incentive stock options to directors, officers, employees, and consultants under its omnibus equity incentive plan. The grants were issued on July 4, 2026.
The RSUs are subject to a three-year vesting schedule, with one-third vesting annually. Specifically, one-third vests on July 4, 2027, one-third on January 1, 2028, and the final third on January 1, 2029. These units allow for settlement in shares, cash, or a combination at the Board's discretion. Additionally, RSUs expiring during closed periods or when undisclosed material information exists automatically extend 10 business days after the period lifts.
The stock options carry an exercise price of $0.55 and expire five years from the grant date. Vesting schedules for the options vary by recipient, with some vesting immediately and others over a 12-month period.
The allocation of RSUs is distributed as follows:
- Mario Stifano (CEO): 10,000,000 RSUs
- Andreas L'Abbe (CFO): 2,500,000 RSUs
- Roisin Magee (Director): 2,000,000 RSUs
- David Cather (Director): 1,250,000 RSUs
- James Clancy (Director): 1,250,000 RSUs
- Brent Omland (Director): 1,250,000 RSUs
- Lawrence Roulston (Director): 1,250,000 RSUs
- Dorian L. Nicol (Geologist Consultant): 1,250,000 RSUs
- Robert Sedgemore (SVP, Operations): 1,250,000 RSUs
- George Duguay (Corporate Secretary): 650,000 RSUs
- Alan Buckley (Consultant): 500,000 RSUs
- Others (Officers, employees, consultants): 10,500,000 RSUs
The stock option grants were allocated to two consultants:
- Consultant 1: 500,000 options, vesting immediately
- Consultant 2: 275,000 options, vesting in four equal tranches over 12 months
Under the omnibus equity incentive plan, up to 10% of issued and outstanding shares are reserved. Prior to these awards, there were 4,630,000 shares outstanding. The total shares now reserved or issued under the plan stand at 39,055,000, representing 4.71% of the Company's total issued and outstanding shares, which total 829,625,590.