John W. Rozelle - Mar 5, 2023 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Signature
/s/ Paula J. Shade as attorney-in-fact for John W. Rozelle
Stock symbol
VGZ
Transactions as of
Mar 5, 2023
Transactions value $
-$19,127
Form type
4
Date filed
3/7/2023, 08:13 PM
Previous filing
Nov 28, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGZ Common Shares Options Exercise +16K +3.51% 472K Mar 5, 2023 Direct F1
transaction VGZ Common Shares Options Exercise +49.2K +10.44% 521K Mar 5, 2023 Direct F1
transaction VGZ Common Shares Options Exercise +12.3K +2.37% 533K Mar 5, 2023 Direct F1
transaction VGZ Common Shares Tax liability -$19.1K -36.4K -6.84% $0.52 497K Mar 5, 2023 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 -16K -100% $0.00* 0 Mar 5, 2023 Common Shares 16K Direct F1, F3
transaction VGZ Restricted Stock Units Options Exercise $0 -49.2K -76.9% $0.00 14.8K Mar 5, 2023 Common Shares 49.2K Direct F1, F4
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -4.78K -32.35% $0.00 10K Mar 5, 2023 Common Shares 4.78K Direct F1, F4
transaction VGZ Restricted Stock Units Options Exercise $0 -12.3K -13.41% $0.00 79.7K Mar 5, 2023 Common Shares 12.3K Direct F1, F5
transaction VGZ Restricted Stock Units Award $0 +107K $0.00 107K Mar 5, 2023 Common Shares 107K Direct F1, F6
* 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 RSUs reported in Table II.
F3 172,000 RSUs were granted on March 1, 2020, and vest as follows: 48,000 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 72,000 on March 1, 2022, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 52,000 RSUs were subject to performance criteria and vested on March 1, 2021. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date
F4 106,000 RSUs were granted on February 23, 2021, and vest as follows: 30,000 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 44,000 on February 23, 2023, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 32,000 RSUs are subject to performance criteria, and vested on February 23, 2022. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F5 The RSUs were granted on March 2, 2022, and vest as follows: 37,000 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 55,000 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.
F6 The RSUs granted March 5, 2023, vest as follows: 32,000 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 5, 2025, 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.