Greffen Mark 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Mar 3, 2023
Insider Transaction Report
Form 4
Greffen Mark
See Remarks
Transactions
- Exercise/Conversion
Common Shares
2023-03-01+25,490→ 167,069 total - Tax Payment
Common Shares
2023-03-01$0.66/sh−12,236$8,076→ 154,833 total - Exercise/Conversion
Common Shares
2023-03-01+37,760→ 192,593 total - Tax Payment
Common Shares
2023-03-01$0.66/sh−18,125$11,963→ 174,468 total - Exercise/Conversion
Restricted Share Units
2023-03-01+25,490→ 25,491 total→ Common Shares (25,490 underlying) - Exercise/Conversion
Restricted Share Units
2023-03-01+37,760→ 75,522 total→ Common Shares (37,760 underlying)
Footnotes (2)
- [F1]On March 1, 2021, the reporting person was granted 76,471 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, 2023 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 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. One-third of the RSUs vested on March 1, 2023 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.