4//SEC Filing
Lillibridge Todd W. 4
Accession 0000899243-22-002619
CIK 0001340476other
Filed
Jan 19, 7:00 PM ET
Accepted
Jan 20, 1:04 PM ET
Size
9.4 KB
Accession
0000899243-22-002619
Insider Transaction Report
Form 4
Lillibridge Todd W.
Director
Transactions
- Award
Performance-Based Restricted Share Units
2022-01-18+115,207→ 115,207 total→ Common Shares (115,207 underlying) - Award
Restricted Share Units
2022-01-18+115,207→ 115,207 total→ Common Shares (115,207 underlying)
Footnotes (2)
- [F1]On January 18, 2022 the reporting person was granted 115,207 restricted share units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date, and contingent upon the reporting person's continued service as the Interim President and Chief Executive Officer or, following the appointment of a new President and Chief Executive Officer, continued service as a member of the Board of Directors, through each applicable vesting 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 January 18, 2022, the reporting person was granted a target number of RSUs equal to 115,207 restricted share units (the "Target Number of Restricted Share Units"). The number of RSUs that become vested RSUs will be between 0% and 100% 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 service as the Interim President and Chief Executive Officer or, following the appointment of a new President and Chief Executive Officer, continued service as a member of the Board of Directors, 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
Documents
Issuer
DIRTT ENVIRONMENTAL SOLUTIONS LTD
CIK 0001340476
Entity typeother
Related Parties
1- filerCIK 0001494933
Filing Metadata
- Form type
- 4
- Filed
- Jan 19, 7:00 PM ET
- Accepted
- Jan 20, 1:04 PM ET
- Size
- 9.4 KB