Form 4: Director Shalima Pannikode Receives DIRTT Equity Grant

Director Shalima Pannikode was granted 33,911 deferred share units as part of the DIRTT Environmental Solutions Ltd. long-term incentive plan.

Summary

• Director Shalima Pannikode received a grant of 33,911 deferred share units (DSUs) on March 31, 2026.
• The grant is part of the company's Third Amended and Restated Long Term Incentive Plan.
• Each DSU represents the economic equivalent of one common share of DIRTT Environmental Solutions Ltd.
• Following this transaction, the director holds a total of 316,756 DSUs.
• The DSUs settle upon the cessation of service with the issuer.

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 identified.

Risks

• Value of the deferred share units is subject to the future market performance of the company's common shares.

Future Outlook

The DSUs will settle in common shares or cash equivalent following the director's termination of service with the company.

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 board members is a standard corporate governance practice designed to ensure directors maintain a vested interest in the long-term success of the organization.

Comparison to Industry Standards

• The use of deferred share units for director compensation is consistent with standard practices for publicly traded companies in the construction and interior solutions sector.
• The settlement structure following cessation of service aligns with typical retention and alignment strategies used by North American issuers.

Stakeholder Impact

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

Next Steps

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

Key Dates

Keywords

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