Form 4: DIRTT Environmental Solutions Director Douglas Edwards Reports Acquisition of Deferred Share Units

Director Douglas Edwards reports acquisition of 54,088 Deferred Share Units (DSUs) in DIRTT Environmental Solutions, equivalent to common shares, following the company's Amended and Restated Long Term Incentive Plan.

Summary

• On September 30, 2024, Douglas Edwards, a director of DIRTT Environmental Solutions Ltd., acquired 54,088 Deferred Share Units (DSUs).
• 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 price used to calculate the number of DSUs granted was C$0.70, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on September 27, 2024.
• The price was converted using the Bank of Canada exchange rate for September 27, 2024 of C$1.3499 = US$1.00.
• Following the transaction, Edwards beneficially owns 717,019 common shares.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating standard compensation practices. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

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 performance.

Key Dates