Form 4: DIRTT Environmental Solutions Director Acquires 56,014 Deferred Share Units

Scott Robinson, a director at DIRTT Environmental Solutions, acquired 56,014 deferred share units on December 31, 2024, under the company's long-term incentive plan.

Summary

• Scott Robinson, a director of DIRTT Environmental Solutions Ltd., was granted 56,014 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 company.
• For US-based directors, the DSUs will settle no later than forty days after their termination date.
• Settlement will be in common shares or the cash equivalent, based on the closing price of the common shares the day prior to the 30th day following separation from service for US Directors.
• The price used to calculate the number of DSUs was C$0.96 per share, which was the closing price 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, Mr. Robinson beneficially owns 895,733 common shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns interests. There is no indication of any negative or unexpected events.

Positives

• The grant of DSUs aligns the director's interests with those of the shareholders.
• The long-term incentive plan encourages long-term commitment from directors.

Future Outlook

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

Industry Context

This is a standard practice for companies to grant equity-based compensation to directors as part of their long-term incentive plans.

Comparison to Industry Standards

• Granting deferred share units to directors is a common practice among publicly traded companies to align their interests with shareholders.
• Many companies use similar long-term incentive plans to retain and motivate key personnel.
• The specific terms of the plan, such as the vesting period and settlement method, are typical for these types of grants.

Stakeholder Impact

• The grant of DSUs aligns the director's interests with those of the shareholders, potentially leading to better long-term performance.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Deferred Share Units, DSU, Director, Long Term Incentive Plan, Share Ownership, DIRTT Environmental Solutions, DRTTF, Scott Robinson