Form 4: Director Scott Robinson Receives DIRTT Equity Grant

Director Scott L. Robinson was granted 68,952 deferred share units as part of the company's long-term incentive plan.

Summary

• Director Scott L. Robinson acquired 68,952 deferred share units (DSUs) on March 31, 2026.
• The grant is part of the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan.
• Each DSU represents the economic equivalent of one common share.
• Following this transaction, the director holds a total of 1,149,055 shares/units.
• The grant value was calculated based on a closing price of C$0.77, converted to US$0.55 per unit.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.
• Increased total beneficial ownership by the director to 1,149,055 units.

Negatives

• None noted.

Risks

• Settlement of DSUs is contingent upon the cessation of service and employment with the issuer.
• Value of the units is subject to market fluctuations in the company's common share price.

Future Outlook

The DSUs will settle in common shares or cash equivalent following the director's separation from 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 Third Amended and Restated Long Term Incentive Plan.

Industry Context

StockSavvy.ai notes that equity-based compensation for directors remains a standard practice in the construction and modular interior industry to ensure long-term commitment and alignment with corporate governance standards.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) is a common practice among publicly traded companies to defer compensation and align director interests with long-term performance.
• The structure of the incentive plan is consistent with standard corporate governance practices for mid-cap companies.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact; reflects standard director compensation practices.

Next Steps

• Settlement of units upon the director's future cessation of service.

Key Dates

Keywords

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