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

Director Scott Ryan reports acquisition of 99,042 Deferred Share Units (DSUs) of DIRTT Environmental Solutions Ltd.

Summary

• On March 29, 2024, Scott Ryan, a director of DIRTT Environmental Solutions Ltd., reported the acquisition of 99,042 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$0.67, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 28, 2024.
• The price was converted using the Bank of Canada exchange rate for March 28, 2024 of C$1.3550 = US$1.00.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to executive compensation. The acquisition of DSUs can be seen as a positive sign, but it's a routine event.

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

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies.

Stakeholder Impact

• The acquisition of DSUs by a director could have a slightly positive impact on shareholder sentiment.

Key Dates