Khama Sheila 4

What Happened Khama Sheila, a director of TMC the metals Co Inc. (TMC), was granted restricted stock units (RSUs) on May 29, 2026 totaling 33,844 RSUs — 17,316 RSUs and 16,528 RSUs. The RSUs were reported as acquired at $0.00 per share (standard for RSU grants), so the filing shows a reported acquisition value of $0. Under the filing, each RSU represents the right to receive one common share upon vesting.

Key Details

• Transaction date: 2026-05-29; Form 4 filed: 2026-06-02 (covers the May 29 transactions).
• Awards: 17,316 RSUs (vested immediately at issuance) and 16,528 RSUs (vest on the date of the issuer's 2027 annual meeting, subject to continued service).
• Acquisition price reported: $0.00 per RSU; total reported acquisition value: $0.
• Plan/Policy: Grants made under the Issuer’s 2021 Equity Incentive Plan and the Nonemployee Director Compensation Policy.
• Shares owned after transaction: not specified in the provided filing.
• Filing timeliness: filing covers May 29 transactions and was submitted June 2, 2026; no late-filing flag is indicated in the provided data.

Context

• RSUs are a grant of future shares; the 17,316 RSUs that vested immediately converted into shares right away, while the 16,528 RSUs remain subject to service-based vesting through the 2027 annual meeting.
• These awards were issued in lieu of cash compensation for director services — a common non-trading compensation event rather than an open-market buy or sale.