Form 4: TMC the metals Co Inc. Director Sheila Khama Acquires Shares Through RSU Vesting

Director Sheila Khama acquired shares of TMC the metals Co Inc. through the vesting of restricted stock units (RSUs) granted under the company's equity incentive plan.

Summary

• Sheila Khama, a director of TMC the metals Co Inc., acquired 144,907 common shares on May 31, 2023, and 68,027 common shares on May 31, 2024, through the vesting of restricted stock units (RSUs).
• These RSUs were granted under the Issuer's 2021 Equity Incentive Plan, as part of the Nonemployee Director Compensation Policy.
• The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders, and will vest on the date of the Issuer's 2025 annual meeting of shareholders, subject to continued service.
• Following these transactions, Khama directly owns 291,493 common shares.

Sentiment

Score: 7

Explanation: The document indicates a director's continued investment in the company through RSU vesting, which is generally a positive signal. However, it's a routine transaction, so the sentiment is moderately positive.

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

The remaining RSUs will 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.

Industry Context

Director share acquisitions are common in publicly traded companies as part of compensation packages and are generally viewed positively by investors.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates