Director Ryan Scott C awarded 39,392 DSUs at DIRTT (DRTTF) as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ryan Scott C reported acquisition or exercise transactions in this Form 4 filing.
DIRTT Environmental Solutions Ltd. director Ryan Scott C received a grant of 39,392 Deferred Share Units (DSUs) as compensation. Each DSU is economically equivalent to one common share. The grant was valued at $0.50 per unit, based on a reference price of C$0.71 per common share.
After this award, Ryan Scott C holds 1,058,989 DSUs directly. All DSUs will settle in common shares or cash after service with the company ends, with specific settlement timing and valuation rules for U.S. directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ryan Scott C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Unit | 39,392 | $0.50 | $20K |
Holdings After Transaction:
Deferred Share Unit — 1,058,989 shares (Direct, null)
Footnotes (1)
- 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. 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.
Key Figures
Deferred Share Units granted: 39,392 units
Reference DSU price: $0.50 per unit
Total DSUs after grant: 1,058,989 units
+3 more
6 metrics
Deferred Share Units granted
39,392 units
Grant on June 30, 2026
Reference DSU price
$0.50 per unit
Transaction price per DSU
Total DSUs after grant
1,058,989 units
Holdings following transaction
Share price used for grant
C$0.71 per share
TSX closing price on June 29, 2026
FX rate used
C$1.4206 = US$1.00
Bank of Canada rate on June 29, 2026
Underlying common shares per DSU
1 common share per DSU
Economic equivalence of DSUs
Key Terms
Deferred Share Unit, Third Amended and Restated Long Term Incentive Plan, Termination Date, Bank of Canada exchange rate, +1 more
5 terms
Third Amended and Restated Long Term Incentive Plan financial
"Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan"
Termination Date financial
"All DSUs settle following the cessation of service and employment with the Issuer (the "Termination Date")."
Termination date is the specific calendar day when a contract, agreement, option or other legal arrangement stops being in effect and any remaining rights or obligations expire. For investors it matters because that date sets deadlines for exercising rights, receiving payments, closing positions or avoiding penalties—similar to the day a lease or warranty ends, after which parties no longer have the same protections or claims.
Bank of Canada exchange rate financial
"The price was converted using the Bank of Canada exchange rate for June 29, 2026 of C$1.4206 = US$1.00."
FAQ
What did DIRTT Environmental Solutions (DRTTF) report in this Form 4 filing?
DIRTT Environmental Solutions reported a grant of 39,392 Deferred Share Units to director Ryan Scott C. These units are a form of equity-based compensation, each economically equivalent to one common share of the company, and settle after his service with the company ends.
How many DIRTT Environmental Solutions DSUs does Ryan Scott C hold after this grant?
After the grant, Ryan Scott C holds 1,058,989 Deferred Share Units in total. This figure includes the newly awarded 39,392 DSUs and represents his direct derivative-based position linked to DIRTT Environmental Solutions common shares under the company’s long-term incentive plan.
At what price were the DIRTT Environmental Solutions DSUs calculated in this grant?
The number of DSUs granted was calculated using a price of C$0.71 per common share. This was the Toronto Stock Exchange closing price on June 29, 2026 and was converted using a Bank of Canada exchange rate of C$1.4206 to US$1.00.
When will the DIRTT Environmental Solutions DSUs granted to Ryan Scott C settle?
All DSUs granted to Ryan Scott C will settle following the cessation of his service and employment with DIRTT Environmental Solutions. For U.S. directors, settlement must occur no later than forty days after the termination date, using a valuation based on the shares’ closing price before a specified day.