4//SEC Filing
Kraus Charles R 4
Accession 0000899243-22-008917
CIK 0001340476other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 11:06 AM ET
Size
18.2 KB
Accession
0000899243-22-008917
Insider Transaction Report
Form 4
Kraus Charles R
See Remarks
Transactions
- Award
Restricted Share Units
2022-03-01+113,282→ 113,282 total→ Common Shares (113,282 underlying) - Exercise/Conversion
Common Shares
2022-03-01+21,241→ 62,215 total - Tax Payment
Common Shares
2022-03-01$1.88/sh−7,520$14,138→ 54,695 total - Award
Common Shares
2022-03-01+21,591→ 76,286 total - Tax Payment
Common Shares
2022-03-01$1.88/sh−7,643$14,369→ 68,643 total - Exercise/Conversion
Restricted Share Units
2022-03-01+21,241→ 42,484 total→ Common Shares (21,241 underlying) - Award
Performance-Based Restricted Share Units
2022-03-01+113,281→ 113,281 total→ Common Shares (113,281 underlying)
Footnotes (4)
- [F1]On March 1, 2021, the reporting person was granted 63,725 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 Common Share or, at the Issuer's discretion, a number of Common Shares equal to the number of vested RSUs (or a combination of cash and Common Shares). One-third of the RSUs vested on March 1, 2022 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
- [F2]On March 1, 2022, the reporting person was granted 21,591 share awards ("Share Awards"), and 7,643 shares were withheld to pay income taxes. Each Share Award represents an unrestricted Common Share of the Issuer.
- [F3]On March 1, 2022 the reporting person was granted 113,282 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.
- [F4]On March 1, 2022, the reporting person was granted a target number of RSUs equal to 113,281 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.
Documents
Issuer
DIRTT ENVIRONMENTAL SOLUTIONS LTD
CIK 0001340476
Entity typeother
Related Parties
1- filerCIK 0001528691
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 11:06 AM ET
- Size
- 18.2 KB