Form 4: DIRTT Environmental Solutions Director Scott Robinson Reports Changes in Beneficial Ownership

Director Scott Robinson reports acquisition of deferred share units in DIRTT Environmental Solutions, reflecting changes in beneficial ownership.

Summary

• On June 30, 2024, Scott Robinson, a director of DIRTT Environmental Solutions Ltd., reported changes in beneficial ownership.
• Robinson acquired 99,865 Deferred Share Units (DSUs) 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.
• 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
• The price used to calculate the number of DSUs granted was C$0.57, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 28, 2024.
• The price was converted using the Bank of Canada exchange rate for June 28, 2024 of C$1.3687 = US$1.00.
• Following the transaction, Robinson directly owns 767,601 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of DSUs by a director is generally viewed as a neutral to slightly positive sign, indicating alignment with shareholder interests.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.
• The grant of DSUs aligns the director's interests with those of the shareholders.

Future Outlook

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. 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

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 positively influence shareholder sentiment.

Key Dates