STOCK TITAN

Director Ryan Scott C awarded 39,392 DSUs at DIRTT (DRTTF) as equity pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
Deferred Share Unit financial
"Each deferred share unit ("DSU") was granted pursuant to the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan"
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."
Deferred Share Units (DSUs) financial
"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."
Deferred share units (DSUs) are a form of long-term compensation that give an executive or director a payable claim whose value moves with the company’s stock price but is not paid out until a later date, often when they leave the company. Think of a DSU as an IOU tied to the share price that becomes cash or shares in the future; investors watch DSUs because they affect potential share dilution, the timing of cash outflows, and whether management’s interests align with long-term shareholder value.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ryan Scott C

(Last)(First)(Middle)
7303 30 STREET SE

(Street)
CALGARYT2C1N6

(City)(State)(Zip)

ALBERTA, CANADA

(Country)
2. Issuer Name and Ticker or Trading Symbol
DIRTT ENVIRONMENTAL SOLUTIONS LTD [ DRTTF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Share Unit(1)06/30/2026A39,392 (1) (1)Common Shares39,392$0.5(2)1,058,989D
Explanation of Responses:
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.
2. 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.
/s/ Fareeha Khan, as attorney-in-fact Scott Ryan07/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

What is a Deferred Share Unit (DSU) in the DIRTT Environmental Solutions plan?

A DIRTT Environmental Solutions DSU is a deferred equity award economically equivalent to one common share. Under the company’s Third Amended and Restated Long Term Incentive Plan, DSUs settle in common shares or cash after the holder’s service and employment with the company end, subject to plan terms.

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.