Form 4: TMC the metals Co Inc. Director Andrew Hall Reports Acquisition of Common Shares

Director Andrew Hall reports the acquisition of common shares in TMC the metals Co Inc. through the vesting of restricted stock units (RSUs).

Summary

• On May 31, 2023, Andrew Hall acquired 144,907 common shares of TMC the metals Co Inc. at a price of $0.00 per share.
• These shares were obtained through the vesting of restricted stock units (RSUs) granted under the Issuer's 2021 Equity Incentive Plan, as per the Nonemployee Director Compensation Policy.
• The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.
• Additionally, on May 31, 2024, Andrew Hall acquired 68,027 common shares at $0.00 per share, also through RSUs.
• These RSUs will vest on the date of the Issuer's 2025 annual meeting of shareholders, contingent upon continued service.
• Following these transactions, Andrew Hall beneficially owns 316,993 common shares.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation. It is neither overwhelmingly positive nor negative, but rather an expected part of corporate governance.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.
• The vesting of RSUs aligns the director's interests with those of the shareholders.

Future Outlook

The document indicates that additional RSUs will vest in the future, contingent on the director's continued service.

Industry Context

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

Stakeholder Impact

• The increased share ownership by a director could positively influence shareholder confidence.

Key Dates