4//SEC Filing
Shesky Craig 4
Accession 0001104659-23-042137
CIK 0001798562other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 4:02 PM ET
Size
10.0 KB
Accession
0001104659-23-042137
Insider Transaction Report
Form 4
Shesky Craig
Chief Financial Officer
Transactions
- Award
Common Shares
2023-03-20+237,199→ 893,780 total - Award
Restricted Stock Units
2023-03-20+562,987→ 562,987 total→ Common Shares (562,987 underlying) - Sale
Common Shares
2023-03-28$0.71/sh−125,582$89,753→ 768,198 total
Footnotes (5)
- [F1]Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.
- [F2]The sales reported in this Form 4 were effected to cover tax withholding obligations in connection with the vesting of RSUs that were granted on March 20, 2023 pursuant to an automatic "sell to cover" provision under which the Reporting Person did not have discretion included in the RSU Agreement.
- [F3]The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.70 to $0.7825 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
- [F4]Each RSU represents the right to receive one common share upon vesting.
- [F5]The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.
Documents
Issuer
TMC the metals Co Inc.
CIK 0001798562
Entity typeother
Related Parties
1- filerCIK 0001874308
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 4:02 PM ET
- Size
- 10.0 KB