Form 4: Former TMC the metals Co Inc. Director McAllister Acquires Shares Through RSU Vesting

Kathleen S. McAllister, a former director of TMC the metals Co Inc., acquired 144,907 common shares on May 31, 2023, through the vesting of restricted stock units (RSUs).

Summary

• Kathleen S. McAllister, a former director of TMC the metals Co Inc., acquired 144,907 common shares on May 31, 2023.
• The acquisition was a result of restricted stock units (RSUs) vesting under the Issuer's 2021 Equity Incentive Plan.
• Each RSU represents the right to receive one common share upon vesting.
• The RSUs vested on May 30, 2024, which was the date of the Issuer's 2024 annual meeting of shareholders.
• Following the transaction, McAllister directly owns 282,450 common shares.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to equity compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The vesting of RSUs indicates that the company is fulfilling its equity compensation commitments to former directors.

Industry Context

This filing is a routine disclosure related to insider transactions and equity compensation, common in publicly traded companies.

Stakeholder Impact

• The vesting of RSUs dilutes existing shareholders' equity to a small degree.

Key Dates