DIRTT (DRTTF) Director Shalima Pannikode Receives 32,051-Unit DSU Award

What Happened
Shalima K. Pannikode, a director of DIRTT Environmental Solutions Ltd. (DRTTF), was granted 32,051 deferred share units (DSUs) on September 30, 2026. The filing reports a grant value of $0.59 per unit (US$), for a total reported value of $18,910. This was an award (transaction code A) — a deferred/derivative grant that does not represent immediate ownership of common shares.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (timely; within required reporting window).
• Grant: 32,051 DSUs at a reported US$ price of $0.59 per unit; total reported value US$18,910.
• Price basis: The number of DSUs was calculated using the TSX closing price C$0.83 on Sept 29, 2026, converted at the Bank of Canada rate (C$1.4188 = US$1.00), yielding US$0.59 per unit.
• Shares owned after transaction: not specified in the filing.
• Footnote summary: DSUs are the economic equivalent of one common share and will settle (into one common share each or cash equivalent) following the director’s cessation of service. For U.S.-taxed directors, settlement occurs no later than 40 days after termination and the cash-equivalent calculation follows specified timing rules.

Context

• These DSUs are a deferred/derivative award rather than an open-market purchase or sale. They are typically used for director compensation and only convert to shares (or cash) upon separation from service, so they do not indicate an immediate change in voting power or liquidity.
• The filing appears timely; no late filing indication was made.