Form 4: TMC the metals Co Inc. Director Christian Madsbjerg Reports Acquisition of Common Shares and Restricted Stock Units

Director Christian Madsbjerg reports acquisition of common shares and restricted stock units (RSUs) in TMC the metals Co Inc. following vesting of RSUs granted under the company's 2021 Equity Incentive Plan.

Summary

• On May 31, 2023, Christian Madsbjerg acquired 144,907 common shares at $0.00, increasing his holdings to 220,966 shares.
• These shares were obtained through the vesting of restricted stock units (RSUs) granted under the Issuer's Nonemployee Director Compensation Policy and 2021 Equity Incentive Plan.
• Each RSU represents the right to receive one common share upon vesting.
• The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.
• On May 31, 2024, Christian Madsbjerg acquired 68,027 common shares at $0.00, increasing his holdings to 288,993 shares.
• These shares were obtained through the vesting of restricted stock units (RSUs) granted under the Issuer's Nonemployee Director Compensation Policy and 2021 Equity Incentive Plan.
• These RSUs shall vest on the date of the Issuer's 2025 annual meeting of shareholders, subject to the Reporting Person's continued service through the vesting date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider confidence through equity ownership. There are no indications of negative events or concerns.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The vesting of RSUs aligns the director's interests with those of the shareholders.

Future Outlook

Additional RSUs were granted that shall vest on the date of the Issuer's 2025 annual meeting of shareholders, subject to 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 equity ownership of a director can positively influence shareholder confidence.

Key Dates