Urban Benjamin Nicholas 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Jul 5, 2024
Insider Transaction Report
Form 4
Urban Benjamin Nicholas
DirectorChief Executive Officer
Transactions
- Tax Payment
Common Shares
2024-06-07$0.47/sh−60,290$28,336→ 1,280,778 total - Exercise/Conversion
Restricted Share Units
2024-06-07−125,000→ 250,000 total→ Common Shares (125,000 underlying) - Exercise/Conversion
Common Shares
2024-06-07+125,000→ 1,341,068 total
Footnotes (2)
- [F1]On June 7, 2023, the reporting person was granted 375,000 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 June 7, 2024 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
- [F2]The price used to calculate June 7, 2024 RSU vesting was C$0.65, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 6, 2024. The price was converted using the Bank of Canada exchange rate for June 6, 2024 of C$1.3686 = US$1.00