Form 4: DIRTT Environmental Solutions Director Acquires Significant Deferred Share Units

DIRTT Environmental Solutions Ltd. Director Holyce Hess Groos acquired 34,814 Deferred Share Units, increasing her beneficial ownership to 80,017 DSUs.

Summary

• Holyce Hess Groos, a Director of DIRTT Environmental Solutions Ltd. (DRTTF), acquired 34,814 Deferred Share Units (DSUs).
• The transaction occurred on June 30, 2025.
• Each DSU is the economic equivalent of one common share of DIRTT Environmental Solutions Ltd.
• The price used to calculate the number of DSUs granted was C$0.82, which was the closing price of the Issuer's Common Shares on the Toronto Stock Exchange on June 27, 2025.
• The conversion from Canadian to US dollars used the Bank of Canada exchange rate of C$1.3676 = US$1.00 on June 27, 2025.
• Following this acquisition, Holyce Hess Groos beneficially owns a total of 80,017 DSUs.
• DSUs are set to settle following the cessation of service and employment with the Issuer, with US Directors' DSUs settling no later than 40 days after their termination date.
• Settlement of DSUs can be in common shares or the cash equivalent of such common shares.

Sentiment

Score: 7

Explanation: The acquisition of Deferred Share Units by a director indicates a positive alignment of interests and confidence in the company's long-term prospects, though it is a routine compensation event.

Positives

• A Director, Holyce Hess Groos, increased her beneficial ownership in the company by acquiring 34,814 Deferred Share Units, indicating confidence in the company's future and aligning her interests with long-term shareholder value.

Future Outlook

Deferred Share Units (DSUs) will settle following the cessation of service and employment with the Issuer, with US Directors' DSUs settling no later than forty days following their termination date. Settlement can be in common shares or the cash equivalent.

Industry Context

This filing is a routine insider transaction report, reflecting a director's compensation and equity ownership, and does not provide information related to broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• Grant of 34,814 Deferred Share Units to Holyce Hess Groos, a Director of the Issuer, as part of the company's long-term incentive plan.

Stakeholder Impact

• Shareholders: Increased alignment of the director's interests with shareholder value through equity-based compensation.
• Employees: The DSU plan is part of a broader long-term incentive plan, potentially impacting other employees if similar structures exist within the company's compensation framework.

Next Steps

• Settlement of Deferred Share Units (DSUs) will occur following the cessation of service and employment with the Issuer.

Key Dates

Recommendation

Keywords

DIRTT Environmental Solutions, DRTTF, SEC Form 4, Insider Transaction, Deferred Share Units, DSU, Director, Equity Acquisition, Corporate Governance