Urban Benjamin Nicholas 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Apr 2, 2024
Insider Transaction Report
Form 4
Urban Benjamin Nicholas
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Shares
2024-03-31$0.52/sh−72,269$37,580→ 1,204,401 total - Exercise/Conversion
Restricted Share Units
2024-03-31−150,000→ 0 total→ Common Shares (150,000 underlying) - Exercise/Conversion
Common Shares
2024-03-31+150,000→ 1,276,670 total
Footnotes (2)
- [F1]On June 7, 2023, the reporting person was granted 150,000 RSUs, vesting March 31, 2024. 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. The RSUs vested on March 31, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
- [F2]The price used to calculate March 31, 2024 RSU vesting was C$0.70, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 27, 2024. The price was converted using the Bank of Canada exchange rate for March 27, 2024 of C$1.3587 = US$1.00.