DIRTT (DRTTF) CEO Urban Benjamin Nicholas Receives 87,500 RSU Award

What Happened

• Urban Benjamin Nicholas, Chief Executive Officer of DIRTT Environmental Solutions Ltd. (DRTTF), was granted 87,500 restricted stock units (RSUs) on August 4, 2026. No cash was exchanged at grant (price reported $0.00). The award is a derivative grant giving the right to receive cash or common shares equal to the fair market value (FMV) of one common share per RSU upon vesting.

Key Details

• Transaction date: August 4, 2026 (Form 4 filed August 6, 2026).
• Transaction type/code: Award/Grant (A); derivative instrument (RSUs).
• Grant size: 87,500 RSUs; vesting in three equal annual installments beginning on the first anniversary of the grant (≈29,167 RSUs per year).
• Settlement: Each RSU entitles the holder to a cash payment equal to the FMV of one common share at settlement or, at the issuer’s discretion, a number of common shares (or combination of cash and shares).
• Immediate economic effect: No shares issued or cash paid at grant; value realized only as units vest and are settled.
• Shares owned after transaction: Not reported in the provided filing.
• Timeliness: Form 4 was filed August 6, 2026 — appears timely (filed within the typical two-business-day window).

Context

• This is a standard equity compensation grant (RSUs) rather than an open-market purchase or sale; it signals executive compensation alignment with shareholder value but does not by itself indicate buying or selling sentiment.
• Because settlement may be in cash or shares at FMV, the eventual dilution or cash outlay depends on the company’s choice and the share price at vesting.