Director Jack Wortzman details option and RSU awards at Frontier Nuclear (FNUC)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Frontier Nuclear & Minerals Inc. director Jack Wortzman filed an initial statement of beneficial ownership showing equity awards rather than new market transactions. He holds fully vested stock options to acquire 4,000 common shares at an exercise price of $5.00 per share, expiring on January 30, 2028.
He also holds 7,500 restricted stock units granted on July 21, 2025. These RSUs will vest on the earlier of June 30, 2026 or when the company’s market capitalization exceeds US$150 million for 10 consecutive trading days. The RSUs do not expire, and each RSU represents a contingent right to receive one common share.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wortzman Jack
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 4,000 shares (Direct);
Restricted Stock Units — 7,500 shares (Direct)
Footnotes (1)
- The Stock Options are fully vested. The Restricted Stock Units (RSUs) were granted on July 21, 2025. All of the RSUs will vest on the earlier of June 30, 2026 or the market capitalization of the Issuer exceeding US$150 million for 10 consecutive trading days. The RSUs do not expire. Each RSU represents a contingent right to receive one Common Share.
FAQ
What does Jack Wortzman’s Form 3 show for Frontier Nuclear & Minerals (FNUC)?
The Form 3 shows director Jack Wortzman’s initial equity holdings in Frontier Nuclear & Minerals. It lists fully vested stock options and restricted stock units, detailing exercise price, expiration, grant date, and specific vesting conditions tied to time and company market capitalization.
How many stock options does Jack Wortzman hold in Frontier Nuclear & Minerals (FNUC)?
Jack Wortzman holds stock options over 4,000 common shares at an exercise price of $5.00 per share. These options are fully vested and expire on January 30, 2028, giving him the right, but not the obligation, to purchase shares at that fixed price.
What restricted stock units does Jack Wortzman report for Frontier Nuclear & Minerals (FNUC)?
He reports 7,500 restricted stock units tied to Frontier Nuclear & Minerals common shares. The RSUs were granted on July 21, 2025 and each unit represents a contingent right to receive one common share upon satisfying vesting conditions described in the filing.
When do Jack Wortzman’s RSUs in Frontier Nuclear & Minerals (FNUC) vest?
All 7,500 RSUs vest on the earlier of June 30, 2026 or when the company’s market capitalization exceeds US$150 million for 10 consecutive trading days. This means vesting can occur based on either a time-based or performance-based milestone.
Do Jack Wortzman’s RSUs in Frontier Nuclear & Minerals (FNUC) expire?
The filing states that the RSUs do not expire, distinguishing them from traditional options with fixed end dates. They remain outstanding until they vest or are otherwise settled or forfeited under the plan terms, with each RSU equating to one common share upon settlement.
What does each RSU represent in Frontier Nuclear & Minerals (FNUC)?
Each RSU represents a contingent right to receive one Frontier Nuclear & Minerals common share. Delivery of shares occurs only if the vesting conditions are met, aligning Wortzman’s potential ownership with both time-based and market capitalization performance thresholds described in the award terms.