Madsbjerg Christian 4
Research Summary
AI-generated summary
TMC Director Madsbjerg Christian Receives RSU Awards
What Happened
Madsbjerg Christian, a director of TMC the metals Co Inc. (TMC), was granted two awards of restricted stock units (RSUs) on 2026-05-29 totaling 35,603 RSUs (19,075 and 16,528). The awards were reported at $0.00 per share (compensation RSUs), so reported acquisition value is $0. Under the filings, the 19,075 RSUs vested immediately and convert to common shares on vesting; the 16,528 RSUs vest on the date of TMC's 2027 annual meeting, subject to continued service.
Key Details
- Transaction date: 2026-05-29; Form 4 filed: 2026-06-02. The filing does not indicate a late-report flag.
- Transaction type: A (Award/Grant of RSUs). Price per share reported: $0.00; total reported cash value: $0.
- Shares involved: 19,075 RSUs vested immediately (issued/acquired), 16,528 RSUs subject to future vesting. Total = 35,603 RSUs.
- Shares owned after transaction: not specified in the information provided.
- Footnotes: F1 — 19,075 RSUs were granted in lieu of cash under the Nonemployee Director Compensation Policy and vested immediately; F2 — 16,528 RSUs were granted under the same policy and vest at the 2027 annual meeting, subject to continued service.
Context
- These were compensation awards (not open-market purchases or sales). Awards are common for non-employee directors as part of routine compensation and don’t by themselves indicate a buy/sell view.
- RSUs convert to actual shares only upon vesting; only the 19,075 RSUs are currently vested/claimable as shares per the filing.