Jeremy Gold 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
DIRTT (DRTTF) Director Jeremy Gold Receives 16,358 DSU Award
What Happened Jeremy Gold, a director of DIRTT Environmental Solutions Ltd. (DRTTF), received an award of 16,358 deferred share units (DSUs) on March 31, 2026. The grant is reported as a derivative award (code A) with a per-unit value of US$0.55, for a total reported value of US$8,997. This was an award/grant (not a market purchase or sale) and therefore is a compensation/retention event rather than a straightforward buy or sell.
Key Details
- Transaction date: 2026-03-31; filing date (Form 4): 2026-04-02 (appears within the normal two-business-day reporting window).
- Units granted: 16,358 DSUs; reported value: US$0.55 per DSU; total value: US$8,997.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote summary:
- F1: Each DSU equals the economic equivalent of one common share and will settle following termination of service; settlement may be in shares or cash. For U.S.-taxed directors, settlement occurs no later than 40 days after termination and the cash equivalent (if chosen) is based on the closing price prior to the 30th day after separation.
- F2: The DSU count was calculated using a CAD closing price of C$0.77 on March 30, 2026, converted to USD using the Bank of Canada rate (C$1.3926 = US$1.00), producing the US$0.55 per-unit figure.
- Transaction type: Derivative grant (DSU award), code A.
Context Deferred share units are a form of deferred compensation for directors and represent a right to receive shares or cash later; they do not immediately increase the director’s voting shares. Such awards are common for board compensation and do not by themselves signal buying or selling intent in the open market.
Insider Transaction Report
- Award
Deferred Share Unit
[F1][F2]2026-03-31$0.55/sh+16,358$8,997→ 16,358 total→ Common Shares (16,358 underlying)
Footnotes (2)
- [F1]Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan and is the economic equivalent of one common share (a "Common Share") of DIRTT Environmental Solutions Ltd. (the "Issuer"). All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date"). For directors who are subject to taxation in the United States ("US Directors"), the DSUs will settle no later than forty days following the Termination Date. Each DSU will be settled in one Common Share or in the cash equivalent of such Common Shares, calculated based on the closing price of the Common Shares on the day prior to the 30th day following separation from service for US Directors.
- [F2]The price used to calculate the number of DSUs granted was C$0.77, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on March 30, 2026. The price was converted using the Bank of Canada exchange rate for March 30, 2026 of C$1.3926 = US$1.00.