Hall Andrew 4

What Happened Andrew Hall, a director of TMC The Metals Co Inc. (TMC), was granted a total of 34,791 restricted stock units (RSUs) on May 29, 2026. The grants show acquisitions of 18,263 shares and 16,528 shares at $0.00 (transaction code A — award/grant). The first tranche of 18,263 RSUs vested immediately upon issuance; the second tranche (16,528 RSUs) vests on the date of the issuer's 2027 annual meeting of shareholders, subject to continued service. No cash changed hands (reported value $0).

Key Details

• Transaction date: 2026-05-29; Form 4 filed 2026-06-02 (filing appears timely).
• Grant amounts: 18,263 RSUs (vested immediately) and 16,528 RSUs (vest on 2027 annual meeting).
• Reported acquisition price: $0.00 for both grants; total reported cash value = $0.
• Shares owned after the transaction: not disclosed in the filing.
• Footnotes: F1 confirms the 18,263 RSUs were issued in lieu of cash director compensation and vested immediately; F2 confirms the 16,528 RSUs are time‑based and vest at the 2027 annual meeting, subject to continued service.
• No tax-withholding disposition, open-market trades, or 10b5-1 plan noted in the filing.

Context This was an equity award as compensation to a non-employee director, which is a routine way companies pay directors. The immediate vesting tranche converted to ownership right away; the deferred tranche is a retention-style award that vests only if Hall remains a director through the 2027 annual meeting. Awards like this are not the same as a purchase or sale and should be viewed as compensation rather than a direct signal of buy/sell sentiment.