Shesky Craig 4
4 · TMC the metals Co Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
TMC CFO Craig Shesky Converts 562,539 RSUs to Shares
What Happened
- Craig Shesky, Chief Financial Officer of TMC the metals Co Inc. (TMC), reported the conversion/exercise of derivative awards (code M) on March 20, 2026. Three RSU grants converted to a total of 562,539 common shares (187,662 + 166,502 + 208,375). Each conversion is reported at $0.00 per share. The filing also reports an identical number of shares as disposed (derivative disposition), consistent with the RSUs being settled as described in the footnotes.
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely).
- Reported as exercise/conversion of derivative (transaction code M); acquisition entries at $0.00 per share and matching disposition entries at $0.00.
- Total acquired: 562,539 shares. Total disposed: 562,539 shares. Net change to reported holdings from these entries: 0 shares.
- Shares owned after the transaction: not provided in the supplied data.
- Footnotes: three separate RSU grants converted 1:1 to common shares:
- 2023 grant: fully vested and settled as of the date hereof (F1, F5).
- 2024 grant: 2/3 vested/settled as of date; remaining portion vests in 2027 (F2, F6).
- 2025 grant: 1/3 vested/settled as of date; remaining portions vest in 2027 and 2028 (F3, F7).
- Each RSU equals one common share on vesting (F4).
- No 10b5-1 plan, late filing, or other special filing flags noted in the supplied information.
Context
- This filing reflects routine equity-compensation vesting and settlement rather than an open-market purchase or voluntary sale. The matching acquisition and disposition entries indicate RSUs converted to shares and were settled/withheld per the plan (e.g., to satisfy tax withholding or plan settlement), resulting in no net increase in reported shares from these entries. For retail investors, such conversions are compensation events and do not necessarily signal buying or selling sentiment by the insider.
Insider Transaction Report
Form 4
Shesky Craig
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Shares
[F1]2026-03-20+187,662→ 1,396,583 total - Exercise/Conversion
Common Shares
[F2]2026-03-20+166,502→ 1,563,085 total - Exercise/Conversion
Common Shares
[F3]2026-03-20+208,375→ 1,771,460 total - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-03-20−187,662→ 0 total→ Common Shares (187,662 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F6]2026-03-20−166,502→ 166,501 total→ Common Shares (166,502 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F7]2026-03-20−208,375→ 416,750 total→ Common Shares (208,375 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, 1/3 vested on March 20, 2025 and 1/3 vested on March 20, 2026.
- [F2]Consists of RSUs that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2024 and 1/3 vested on March 20, 2025 and 1/3 vested on March 20, 2026. The remaining RSUs will vest, subject to continued service through the vesting date, 1/3 of the total award on March 20, 2027.
- [F3]Consists of RSUs that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2025 and 1/3 vested on March 20, 2026. The remaining RSUs will vest as follows, subject to continued service through each vesting date: 1/3 of the total award on March 20, 2027 and the remaining amount on March 20, 2028.
- [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 "2023 Grant Date"), 1/3 on the second anniversary of the 2023 Grant Date and 1/3 on the third anniversary of the 2023 Grant Date. All of the RSUs have vested and have been settled as of the date hereof.
- [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, 2024 (the "2024 Grant Date"), 1/3 on the second anniversary of the 2024 Grant Date and 1/3 on the third anniversary of the 2024 Grant Date. 2/3 of the RSUs have vested and have been settled 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, 2025 (the "2025 Grant Date"), 1/3 on the second anniversary of the 2025 Grant Date and 1/3 on the third anniversary of the 2025 Grant Date. 1/3 of the RSUs have vested and have been settled as of the date hereof.
Signature
/s/ Michelle Ancosky, Attorney-In-Fact|2026-03-24