XML 26 R16.htm IDEA: XBRL DOCUMENT v3.22.0.1
Restricted Share Units
6 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Restricted Share Units

10. Restricted Share Units

 

The Company has established a restricted share unit (RSU) incentive plan for executives, directors, and certain employees. Awards generally vest over a four-year period at a rate of 25% per annum commencing on the first anniversary of the grant date.

 

During the three months ended September 30, 2021, the Company contracted 775,000 restricted share units to two employees of the Company, including an officer of the Company. During the three months ended December 31, 2021, the identical employees amended their employee contracts to have these share unit agreements reverted back to the Company. Share-based compensation expense was originally recorded during the three months ended September 30, 2021, however, the expense has been reversed during the three months ended December 31, 2021. No share-based compensation during the six months ended December 31, 2020.