Form 4: Director Scott Robinson Reports Acquisition of Deferred Share Units in DIRTT Environmental Solutions Ltd.

Scott Robinson, a director of DIRTT Environmental Solutions Ltd., reported the acquisition of 100,288 deferred share units (DSUs) on March 29, 2024.

Summary

• On March 29, 2024, Scott Robinson, a director of DIRTT Environmental Solutions Ltd., acquired 100,288 deferred share units (DSUs).
• These DSUs were granted under the company's Amended and Restated Long Term Incentive Plan.
• Each DSU is equivalent to one common share of DIRTT Environmental Solutions Ltd.
• The DSUs will settle following the cessation of service and employment with the Issuer.
• For US Directors, the DSUs will settle no later than forty days following the Termination Date.
• The price used to calculate the number of DSUs granted was C$0.67, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 28, 2024.
• The price was converted using the Bank of Canada exchange rate for March 28, 2024 of C$1.3550 = US$1.00.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and insider confidence, but doesn't contain any groundbreaking news.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will settle following the cessation of service and employment with the Issuer, either in common shares or the cash equivalent.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder sentiment.

Key Dates