Form 4: Director Scott Ryan Receives 35,606 DSUs in DIRTT

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

Summary

• Director Scott C. Ryan 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 was issued under the company's Third Amended and Restated Long Term Incentive Plan.
• Following this transaction, the director's total beneficial ownership of DSUs increased to 1,019,597 units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.
• Standardized incentive structure utilizing the company's established long-term incentive plan.

Negatives

• None identified; this is a routine compensatory disclosure for a director.

Risks

• Value of the DSUs is subject to the future market performance of the company's common shares.
• Settlement of units is deferred until the director's cessation of service, creating long-term exposure to company performance.

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 within 40 days of separation.

Management Comments

• The grant is issued pursuant to the Third Amended and Restated Long Term Incentive Plan.

Industry Context

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

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) is a common governance practice for North American publicly traded companies to defer compensation and align director interests with shareholders.
• The grant structure is consistent with typical long-term incentive plans found in mid-cap industrial and manufacturing firms.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity grant within existing incentive plans.

Next Steps

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

Key Dates

Keywords

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