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

Director Douglas Edwards reports acquisition of 71,412 Deferred Share Units (DSUs) in DIRTT Environmental Solutions, equivalent to common shares, following the company's Amended and Restated Long Term Incentive Plan.

Summary

• Douglas Edwards, a director of DIRTT Environmental Solutions Ltd., reported acquiring 71,412 Deferred Share Units (DSUs) on June 30, 2024.
• These DSUs were granted under the company's Amended and Restated Long Term Incentive Plan.
• Each DSU is economically equivalent to one common share of DIRTT Environmental Solutions Ltd.
• The DSUs will settle following the cessation of service and employment with the Issuer (the 'Termination Date').
• For US Directors, the DSUs will settle no later than forty days following the Termination Date.
• Settlement will be in 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$0.57, the closing price of DIRTT's Common Shares on the Toronto Stock Exchange on June 28, 2024.
• This price was converted using the Bank of Canada exchange rate for June 28, 2024 of C$1.3687 = US$1.00, resulting in a price of $0.42.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to director compensation. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

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 (the 'Termination Date'). For US Directors, the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors.

Industry Context

This filing is a routine disclosure related to executive compensation and aligns with standard practices for publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director could positively influence shareholder sentiment.

Key Dates