Edwards Douglas A 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
DIRTT (DRTTF) Director Douglas A. Edwards Receives DSU Award
What Happened
Douglas A. Edwards, a director of DIRTT Environmental Solutions Ltd. (DRTTF), received a grant of 35,606 deferred share units (DSUs) on March 31, 2026. The filing values the award at $0.55 per unit (USD), for a total notional value of approximately $19,583. This was an award (derivative grant) under the company’s long-term incentive plan — a compensation/retention grant, not an open-market purchase.
Key Details
- Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (within the typical two-business-day reporting window).
- Grant size: 35,606 DSUs. Price used in filing: US$0.55/unit (derived from C$0.77 closing price on TSX on 2026-03-30 using Bank of Canada rate C$1.3926 = US$1.00). Total notional value ≈ US$19,583.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes: DSUs are the economic equivalent of one common share and will settle after the director’s termination of service. For U.S.-taxed directors, settlement occurs no later than ~40 days after termination and will be in common shares or the cash equivalent (calculated using a closing-price formula).
Context
This is a routine director compensation award (derivative grant) rather than a market purchase or sale — such grants are common and do not by themselves indicate the director is buying or selling shares for investment reasons. DSUs only convert into shares or cash after the director leaves service, so there’s no immediate change in share ownership or market activity.
Insider Transaction Report
- Award
Deferred Share Unit
[F1][F2]2026-03-31$0.55/sh+35,606$19,583→ 936,177 total→ Common Shares (35,606 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.