4//SEC Filing
OMEARA KEVIN P 4
Accession 0000899243-20-017139
CIK 0001340476other
Filed
Jun 17, 8:00 PM ET
Accepted
Jun 18, 6:37 PM ET
Size
15.8 KB
Accession
0000899243-20-017139
Insider Transaction Report
Form 4
OMEARA KEVIN P
DirectorSee Remarks
Transactions
- Award
Restricted Share Units
2020-06-17+300,000→ 300,000 total→ Common Shares (300,000 underlying) - Award
Performance-Based Restricted Share Units
2020-06-17+200,000→ 200,000 total→ Common Shares (200,000 underlying)
Footnotes (2)
- [F1]On June 17, 2020, the reporting person was granted 300,000 restricted share units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one share of common stock of the Issuer (a "Common Share") or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
- [F2]On June 17, 2020, the reporting person was granted a target number of RSUs equal to 200,000 restricted share units (the "Target Number of Restricted Share Units"). The number of RSUs that become vested RSUs will be between 0% and 150% of the Target Number of Restricted Share Units, depending on whether and to what extent certain trading price hurdles are achieved over the three-year performance period, which commenced on the date of grant. Vesting of the RSUs is further contingent upon the reporting person's continued employment through the end of the performance period. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
Issuer
DIRTT ENVIRONMENTAL SOLUTIONS LTD
CIK 0001340476
Entity typeother
Related Parties
1- filerCIK 0001326951
Filing Metadata
- Form type
- 4
- Filed
- Jun 17, 8:00 PM ET
- Accepted
- Jun 18, 6:37 PM ET
- Size
- 15.8 KB