4//SEC Filing
Shesky Craig 4
Accession 0001104659-24-038042
CIK 0001798562other
Filed
Mar 21, 8:00 PM ET
Accepted
Mar 22, 9:33 PM ET
Size
14.5 KB
Accession
0001104659-24-038042
Insider Transaction Report
Form 4
Shesky Craig
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Shares
2024-03-20+187,663→ 967,304 total - Sale
Common Shares
2024-03-22$1.61/sh−233,424$375,509→ 947,242 total - Award
Common Shares
2024-03-20+213,362→ 1,180,666 total - Exercise/Conversion
Restricted Stock Units
2024-03-20−187,663→ 375,324 total→ Common Shares (187,663 underlying) - Award
Restricted Stock Units
2024-03-20+499,505→ 499,505 total→ Common Shares (499,505 underlying)
Footnotes (7)
- [F1]Consists of restricted stock units ("RSUs") that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2023 and 1/3 vested on March 20, 2024. The remaining RSUs will vest as follows, subject to continued service through each vesting date: 1/3 of the total award on March 20, 2025 and the remaining amount on March 20, 2026.
- [F2]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.
- [F3]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 and March 20, 2024 pursuant to an automatic "sell to cover" provision under which the Reporting Person did not have discretion included in the RSU Agreement.
- [F4]The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $1.58 to $1.65 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.
- [F5]Each RSU represents the right to receive one common share upon vesting.
- [F6]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. 1/3 of the RSUs have granted as of the date hereof.
- [F7]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, 2024 (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
- Mar 21, 8:00 PM ET
- Accepted
- Mar 22, 9:33 PM ET
- Size
- 14.5 KB