Krause Geoffrey D. 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Jun 21, 2022
Insider Transaction Report
Form 4
Krause Geoffrey D.
Chief Financial Officer
Transactions
- Tax Payment
Common Shares
2022-06-17$0.94/sh−33,512$31,659→ 187,715 total - Exercise/Conversion
Restricted Share Units
2022-06-17−69,815→ 69,815 total→ Common Shares (69,815 underlying) - Exercise/Conversion
Common Shares
2022-06-17+69,815→ 221,227 total
Footnotes (2)
- [F1]On June 17, 2020, the reporting person was granted 209,444 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 equal to the number of vested RSUs (or a combination of cash and Common Shares). One-third of the RSUs vested on June 17, 2022 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
- [F2]The price used to calculate the tax liability was C$1.2314, which was the Fair Market Value of the Issuer's Common Shares on the vesting date, converted from Canadian dollars to U.S. dollars using the Bank of Canada daily average exchange rate on June 17, 2022 of C$1.3035 = US $1.00.