Edwards Douglas A 4
4 · DIRTT ENVIRONMENTAL SOLUTIONS LTD · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
DIRTT (DRTTF) Director Douglas A. Edwards Receives 39,392-Share Award
What Happened
Douglas A. Edwards, a director of DIRTT Environmental Solutions Ltd. (DRTTF), received a grant of 39,392 deferred share units (DSUs) on June 30, 2026. The Form 4 reports the grant at US$0.50 per DSU (total US$19,696). This was an award/grant (derivative instrument), not an open-market purchase or sale.
Key Details
- Transaction date: June 30, 2026; Filing date: July 2, 2026 (appears timely).
- Reported price/value: C$0.71 per share was used to calculate the grant (TSX close June 29, 2026); converted at Bank of Canada rate C$1.4206 = US$1.00, giving US$0.50 per DSU. Total reported value = US$19,696.
- Security type: Deferred Share Units (DSUs) — derivative award (transaction code A).
- Shares owned after transaction: Not disclosed in the provided filing details.
- Notable footnotes: DSUs are the economic equivalent of one common share and settle only after the director’s termination of service. For U.S.-taxed directors, settlement occurs no later than 40 days after termination and may be settled in common shares or cash (cash equivalent calculated based on a specified post-separation price).
Context
DSUs are deferred compensation grants that convert into shares or cash only after a director leaves service, so this award does not represent an immediate open-market investment by the insider. Such grants are routine compensation for non-employee directors and do not by themselves indicate present buying or selling sentiment.
Insider Transaction Report
- Award
Deferrred Share Unit
[F1][F2]2026-06-30$0.50/sh+39,392$19,696→ 975,569 total→ Common Shares (39,392 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$0.71, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on June 29, 2026. The price was converted using the Bank of Canada exchange rate for June 29, 2026 of C$1.4206 = US$1.00.