Form 4: DIRTT Environmental Solutions Director Scott Ryan Reports Acquisition of Deferred Share Units

Director Scott Ryan reports acquiring deferred share units in DIRTT Environmental Solutions, equivalent to common shares, under the company's long-term incentive plan.

Summary

• On September 30, 2024, Scott Ryan, a director of DIRTT Environmental Solutions Ltd., reported the acquisition of 56,492 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, either in common shares or the cash equivalent.
• The price used to calculate the number of DSUs granted was C$0.70, converted to US$0.52 using the Bank of Canada exchange rate on September 27, 2024.
• Following the transaction, Ryan directly owns 813,182 common shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of DSUs by a director suggests confidence in the company's future, but it's a routine transaction under an existing incentive plan.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.
• The long-term incentive plan aligns the interests of directors with those of shareholders.

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 positively influence shareholder sentiment.

Key Dates