SPROTT INC.
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Feb 26, 2025
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Contents
EX-99.3 · Equity incentive plan
Equity incentive plan
For employees in Canada, the Trust has been established and the Company will fund the Trust with cash, which will be used by the trustee to purchase: (1) on the open market, common shares of the Company that will be held in the Trust until the awards vest and are distributed to eligible members; and (2) from treasury, common shares of the Company that will be held in the Trust until the awards vest and are distributed to eligible employees. For employees in the U.S. under the EIP plan, the Company will allot common shares of the Company as either: (1) restricted stock; (2) unrestricted stock; or (3) restricted stock units ("RSUs"), the resulting common shares of which will be issued from treasury.
There were no RSUs granted during the year ended December 31, 2024 (year ended December 31, 2023 -63,128).
| Number of common shares | |
|---|---|
| Unvested common shares held by the Trust, Dec. 31, 2022 | 630,431 |
| Acquired | 154,131 |
| Released | (331,672) |
| Unvested common shares held by the Trust, Dec. 31, 2023 | 452,890 |
| Acquired | 26,321 |
| Released | (479,211) |
| Unvested common shares held by the Trust, Dec. 31, 2024 | — |
Included in the compensation line of the consolidated statements of operations and comprehensive income is$17.6 million of stock-based compensation for the year ended December 31, 2024 (year ended December 31, 2023 - $20.4 million).
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