ILVES Erika 4

What Happened Erika Ilves, Chief Strategy Officer of TMC the metals Co. (TMC), received a grant of 453,515 restricted stock units (RSUs) on April 13, 2026. The award was granted at no purchase price ($0.00) as part of the issuer's long-term incentive plan. Each RSU represents the right to one share upon vesting; the award vests in three equal installments over three years (1/3 on Mar 20, 2027; 1/3 on Mar 20, 2028; 1/3 on Mar 20, 2029), subject to continued service.

Key Details

• Transaction date: 2026-04-13; Form 4 filed: 2026-04-15 (appears timely).
• Transaction code: A (award/grant); Consideration: $0.00 per RSU.
• Amount: 453,515 RSUs (each convertible to one share at vesting).
• Vesting: 1/3 on Mar 20, 2027; 1/3 on Mar 20, 2028; 1/3 on Mar 20, 2029 (footnote F1).
• Shares owned after transaction: Not disclosed in this filing.
• Accession #: 0001104659-26-043875.

Context RSU grants are a form of compensation, not an open-market purchase or sale. They typically reflect long-term retention and incentive design rather than an insider vote of confidence via buying stock. RSUs convert to actual shares only as they vest (and may be taxable at that time), so this grant does not immediately change Mr(s). Ilves’s market exposure until vesting.