Douglas L. Tobler - 02 Mar 2022 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Role
CFO
Signature
/s/ Paula J. Shade as attorney-in-fact for Douglas L. Tobler
Issuer symbol
VGZ
Transactions as of
02 Mar 2022
Net transactions value
-$69,526
Form type
4
Filing time
04 Mar 2022, 16:14:56 UTC
Previous filing
01 Nov 2021
Next filing
01 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGZ Common Shares Options Exercise +52,657 +53% 152,628 02 Mar 2022 Direct F1
transaction VGZ Common Shares Options Exercise +133,000 +87% 285,628 02 Mar 2022 Direct F1
transaction VGZ Common Shares Tax liability $69,526 -82,769 -29% $0.8400 202,859 02 Mar 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VGZ Restricted Stock Units Options Exercise $0 -52,657 -37% $0.000000 91,343 02 Mar 2022 Common Shares 52,657 Direct F1, F3
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -3,676 -4% $0.000000 87,667 02 Mar 2022 Common Shares 3,676 Direct F1, F3
transaction VGZ Restricted Stock Units Options Exercise $0 -133,000 -85% $0.000000 24,000 02 Mar 2022 Common Shares 133,000 Direct F1, F4
transaction VGZ Restricted Stock Units Award $0 +125,000 $0.000000 125,000 02 Mar 2022 Common Shares 125,000 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 185,657 restricted stock units granted to the reporting person on March 1, 2020, and February 23, 2021.
F3 144,000 RSUs were granted on February 23, 2021, and vest as follows: 40,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the issuer; and 61,000 on February 23, 2023, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 43,000 RSUs are subject to performance criteria, vesting on February 23, 2022. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F4 259,000 RSUs were granted on March 1, 2020, and vest as follows: 72,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the issuer; and 109,000 on March 1, 2022, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 78,000 RSUs were subject to performance criteria, vesting on March 1, 2021. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F5 The RSUs granted on March 2, 2022, vest as follows: 50,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 75,000 on March 2, 2024, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.