Form 4: DIRTT Environmental Solutions Director Acquires 41,077 Deferred Share Units

Director Aron R. English acquired 41,077 deferred share units of DIRTT Environmental Solutions Ltd. on December 31, 2024.

Summary

• Aron R. English, a director of DIRTT Environmental Solutions Ltd., acquired 41,077 deferred share units (DSUs) on December 31, 2024.
• 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 settlement will be in the form of one common share or the cash equivalent, based on the closing price of the common shares on the day prior to the 30th day following separation from service for US Directors.
• The price used to calculate the number of DSUs granted was C$0.96 per share, which was the closing price of the company's common shares on the Toronto Stock Exchange on December 30, 2024.
• This price was converted to US$0.67 using the Bank of Canada exchange rate of C$1.4379 = US$1.00 on December 30, 2024.
• Following this transaction, Aron R. English directly owns 641,261 common shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of DSUs by a director demonstrates confidence in the company's future performance.
• The long-term incentive plan aligns the interests of directors with those of shareholders.

Future Outlook

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

Industry Context

This is a standard transaction for a director of a publicly listed company, reflecting compensation and alignment of interests with shareholders.

Comparison to Industry Standards

• The use of deferred share units as part of director compensation is a common practice among publicly traded companies.
• The vesting and settlement terms are typical for such incentive plans, often tied to the director's service period and post-service period.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Deferred Share Units, DSU, Director, Insider Trading, Long Term Incentive Plan, DIRTT Environmental Solutions, DRTTF, Share Acquisition