Form 4: DIRTT Environmental Solutions Director Acquires Deferred Share Units

Director Hollyce Hess Groos acquired 15,799 deferred share units of DIRTT Environmental Solutions Ltd.

Summary

• Hollyce Hess Groos, a director at DIRTT Environmental Solutions Ltd., acquired 15,799 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 with the company, either in common shares or the cash equivalent.
• For US-based directors, settlement will occur no later than 40 days after termination.
• 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.

Sentiment

Score: 7

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

Positives

• The acquisition of DSUs by a director demonstrates alignment of interests with shareholders.
• The long-term incentive plan encourages directors to focus on the company's long-term success.

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 incentivize directors through equity-based compensation, aligning their interests with those of shareholders.

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 in the construction and environmental solutions sectors use similar long-term incentive plans.
• The specific terms of the plan, such as the vesting period and settlement method, are typical for director compensation packages.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

DIRTT Environmental Solutions, Deferred Share Units, DSU, Director, Hollyce Hess Groos, Long Term Incentive Plan, Share Acquisition, Form 4