Darveau-Garneau Nicolas 4

What Happened Nicolas Darveau-Garneau, a director of McEwen Inc. (MUX), was granted/acquired 479 deferred stock units (derivative award) on March 19, 2026. The units were reported at an acquisition price of $0.00 (no cash exchanged). These are not immediate share purchases — they are rights that can convert to common shares under the terms described in the filing.

Key Details

• Transaction date: 2026-03-19; Filing date (Form 4): 2026-03-23 (timely filed).
• Transaction type/code: A — Award/Grant (derivative).
• Quantity and price: 479 deferred stock units at $0.00 each; total reported value $0.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes of note:
  • F1: Each deferred stock unit represents a right to receive one share of McEwen common stock.
  • F2: The deferred stock units are fully vested but will be delivered only upon the reporting person’s termination of continuous service from the Board; the director may elect to defer delivery beyond that date.
• No 10b5-1 plan, tax withholding, or cashless exercise indicated.

Context Deferred stock units (DSUs) are common compensation for directors: they represent a future right to shares rather than an immediate purchase or sale. Because delivery is deferred until termination of board service (and may be deferred further), this award does not immediately change the director’s public equity holdings or generate proceeds. The filing is informational and does not, by itself, indicate a near-term market belief.