DIRTT Environmental (DRTTF) director reports 29,953 DSU grant
Rhea-AI Filing Summary
DIRTT Environmental Solutions Ltd. reported a Form 4 transaction for director Scott Ryan involving a grant of deferred share units. On 12/31/2025, the director acquired 29,953 deferred share units, each economically equivalent to one common share of the company. The price used to calculate the number of units was C$0.90, the Toronto Stock Exchange closing price on December 30, 2025, converted using a Bank of Canada exchange rate of C$1.3693 = US$1.00, corresponding to US$0.66 per unit. Following this grant, the director beneficially owned 983,991 derivative securities on a direct basis.
These deferred share units were issued under the company’s Third Amended and Restated Long Term Incentive Plan. All units settle after service and employment with the company end. For directors subject to U.S. taxation, settlement occurs no later than forty days after the termination date, in either common shares or their cash equivalent, based on the closing share price on the day prior to the 30th day following separation from service.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Unit | 29,953 | $0.66 | $20K |
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$0.90, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on December 30, 2025. The price was converted using the Bank of Canada exchange rate for December 30, 2025 of C$1.3693 = US$1.00.
FAQ
What insider transaction did DRTTF report in this Form 4?
The company reported that director Scott Ryan acquired 29,953 deferred share units (DSUs) on 12/31/2025 under DIRTT Environmental Solutions Ltd.’s long-term incentive plan.
How is the number of DSUs for DRTTF’s director grant calculated?
The number of 29,953 DSUs was calculated using a price of C$0.90, which was the Toronto Stock Exchange closing price of the company’s common shares on December 30, 2025, converted at a Bank of Canada exchange rate of C$1.3693 = US$1.00, corresponding to US$0.66 per DSU.
In what form are DIRTT Environmental DSUs paid out to the director?
Each deferred share unit will be settled in either one common share of DIRTT Environmental Solutions Ltd. or the cash equivalent, calculated using the closing price of the common shares on the day prior to the 30th day following separation from service for U.S. directors.