CLARK JOHN M 4

What Happened

• John M. Clark, a director of Vista Gold Corp (VGZ), was awarded 24,000 deferred share units (DSUs) on March 13, 2026. The grant is recorded as an award/acquisition (Form 4 code A) at $0.00 per unit (derivative instrument), so no immediate cash paid or shares issued.
• The filing shows 24,000 DSUs granted; since these are deferred units rather than issued common shares, there is no immediate market value realized on the Form 4 (price listed $0.00, total $0).

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (filed within the usual 2-business-day window).
• Transaction type/code: Award/Grant (A); derivative award (DSUs).
• Quantity and price: 24,000 DSUs @ $0.00 (units, not current share purchases).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: Each DSU equals the economic equivalent of one common share, vests immediately upon issuance, but the underlying common shares will not be issued and the reporting person will not have voting or dispositive rights until the director separates from the company. Grants expire no later than Dec 1 of the year following the calendar year in which separation occurs.

Context

• DSUs are a form of deferred compensation commonly granted to directors; they track the value of common shares but typically convert to shares or cash only upon separation or a specified vesting/settlement event.
• This grant is not a market purchase or sale and does not signal an immediate change in share ownership or liquidity — it reflects director compensation structure rather than an open-market trade.