Form 4: DIRTT Environmental Solutions CFO Reports Stock Transactions
SEC Form 4 Filing
Fareeha Khan, CFO of DIRTT Environmental Solutions, reports the vesting of restricted share units (RSUs) and subsequent conversion to common shares.
Summary
- On March 3, 2025, Fareeha Khan, the Chief Financial Officer of DIRTT Environmental Solutions, reported transactions involving the company's stock.
- The transactions involved the vesting of 1,798 Restricted Share Units (RSUs) which converted into common shares.
- Khan also disposed of 950 common shares.
- Following these transactions, Khan directly owns 174,898 common shares.
- The vesting of the RSUs was part of a grant made on March 1, 2022, which vested in three equal annual installments.
- The price used to calculate the RSU vesting was C$1.02, converted to US$0.71 using the Bank of Canada exchange rate on March 3, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects the standard compensation practices for company executives.
Key Dates
| Date | Description |
|---|---|
| 2022-03-01 | Reporting person was granted 5,394 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
| 2025-02-28 | Closing price of Issuer's Common Shares as reported on the Toronto Stock Exchange was C$1.02. |
| 2025-03-03 | Date of RSU vesting and conversion to common shares, and disposition of common shares. |
| 2025-03-05 | Date of signature on the Form 4 filing. |
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