Somayaji Nandini 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Mar 3, 2023
Insider Transaction Report
Form 4
Somayaji Nandini
See Remarks
Transactions
- Exercise/Conversion
Common Shares
2023-03-01+11,236→ 64,994 total - Exercise/Conversion
Restricted Share Units
2022-03-01+4,525→ 4,525 total→ Common Shares (4,525 underlying) - Exercise/Conversion
Common Shares
2023-03-01+4,525→ 56,270 total - Tax Payment
Common Shares
2023-03-01$0.66/sh−2,512$1,658→ 53,758 total - Tax Payment
Common Shares
2023-03-01$0.66/sh−6,245$4,122→ 58,749 total - Exercise/Conversion
Restricted Share Units
2022-03-01+11,236→ 22,472 total→ Common Shares (11,236 underlying)
Footnotes (2)
- [F1]On March 1, 2021, the reporting person was granted 13,575 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 Common Share of the Issuer 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.
- [F2]On March 1, 2022, the reporting person was granted 33,708 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 Common Share of the Issuer 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.