Form 4: TMC the metals Co Inc.: Chief Strategy Officer Erika Ilves Reports Acquisition of Common Shares and Updates Beneficial Ownership

Erika Ilves, Chief Strategy Officer of TMC the metals Co Inc., reports the acquisition of common shares through restricted stock units (RSUs) and updates information regarding beneficial ownership.

Summary

• On March 20, 2025, Erika Ilves, Chief Strategy Officer of TMC the metals Co Inc., acquired 239,152 common shares through restricted stock units (RSUs) as part of the Issuer's short-term incentive plan, which vested upon issuance.
• Additionally, Ms. Ilves acquired 625,125 common shares through RSUs granted as part of the Issuer's long-term incentive plan, vesting over three years.
• Following these transactions, Ms. Ilves directly owns 2,737,277 common shares.
• Ms. Ilves also indirectly owns 30,682 common shares through her children.
• This report updates information included in a previous Form 4 filed on January 3, 2025, reflecting a revised amount of securities beneficially owned following the reported transactions as 1,873,000.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating stock ownership changes, with no explicit positive or negative implications.

Positives

• The acquisition of shares by a key officer may signal confidence in the company's future performance.

Future Outlook

The long-term incentive plan RSUs will continue to vest over a three-year period from the Grant Date of March 20, 2025.

Industry Context

Form 4 filings are a routine part of compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the stock ownership of a key officer.

Key Dates

Keywords

Form 4, TMC the metals Co Inc., Erika Ilves, Chief Strategy Officer, Beneficial Ownership, Restricted Stock Units, RSUs, Section 16(a), Securities Exchange Act, Common Shares