Form 4: Director Douglas Edwards Receives DIRTT DSU Grant

Director Douglas Edwards was granted 35,606 deferred share units as part of the DIRTT Environmental Solutions Ltd. long-term incentive plan.

Summary

• Director Douglas A. Edwards received a grant of 35,606 deferred share units (DSUs) on March 31, 2026.
• Each DSU represents the economic equivalent of one common share of DIRTT Environmental Solutions Ltd.
• The grant is part of the company's Third Amended and Restated Long Term Incentive Plan.
• Following this transaction, the director's total beneficial ownership of DSUs stands at 936,177 units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None noted.

Risks

• DSUs are subject to market price fluctuations of the underlying common shares upon settlement.
• Settlement of DSUs is contingent upon the director's cessation of service with the issuer.

Future Outlook

The DSUs will settle in common shares or cash equivalent following the director's termination of service, with US-based directors receiving settlement no later than 40 days post-termination.

Management Comments

• The grant is issued pursuant to the company's established long-term incentive plan.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members remains a standard practice in the construction and interior solutions sector to ensure long-term commitment to corporate strategy.

Comparison to Industry Standards

• The use of DSUs for director compensation is consistent with standard corporate governance practices for publicly traded companies in North America.
• The structure of the incentive plan aligns with typical long-term retention strategies used by peers in the modular construction industry.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• Settlement of DSUs upon the director's future separation from service.

Key Dates

Keywords

DIRTT, DRTTF, Director Compensation, Deferred Share Units, Insider Transaction, Equity Incentive Plan