TMC (TMC) Director Andrew Hall Receives 72,935 RSUs

What Happened Andrew Hall, a director of TMC The Metals Co. Inc., was granted 72,935 restricted stock units (RSUs) on 2026-09-11. The Form 4 reports an acquisition at $0.00 per RSU (total recorded value $0), because these are compensatory awards rather than open-market purchases. Each RSU represents the right to receive one common share at vesting.

Key Details

• Transaction date: 2026-09-11; Form 4 filed: 2026-09-16 (filed five days after the transaction date; Form 4s are typically due within two business days, so this filing may be late).
• Amount: 72,935 RSUs; reported price: $0.00 (award/grant, transaction code A).
• Vesting: RSUs vest on the third anniversary of the grant date, subject to continued service (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: RSUs were granted under the Issuer's 2021 Equity Incentive Plan; each RSU equals right to one common share and vests on the third anniversary contingent on continued service.

Context This was a time-based equity award (compensation) rather than a market purchase or sale. RSU grants are common for executives/directors and typically reflect compensation and retention incentives; they do not represent an immediate cash investment or sale by the insider. The economic benefit to the insider depends on TMC’s share price at vesting; any tax withholding or subsequent disposition would be reported separately when those events occur.