Holly Hess Groos receives 45,975 deferred share units at DIRTT
Rhea-AI Filing Summary
Holly Hess Groos, a director of DIRTT Environmental Solutions Ltd. (DRTTF), was granted 45,975 deferred share units (DSUs) on 09/30/2025. Each DSU is economically equivalent to one common share and will settle following the reporting person’s cessation of service; for U.S. directors settlement will occur no later than 40 days after termination and may be paid in common shares or cash based on the closing price prior to the 30th day after separation. The DSUs were calculated using a Toronto Stock Exchange closing price of C$0.80 on 09/26/2025, converted at a Bank of Canada rate of C$1.3941 = US$1.00. After the grant, Ms. Groos beneficially owns 125,992 common shares (direct).
Positive
- 45,975 DSUs granted aligns director compensation with shareholder interests
- Full disclosure of valuation inputs (C$0.80 closing price and C$1.3941 exchange rate) enables transparency
- Reporting person beneficially owns 125,992 shares after the grant, showing significant insider stake
Negative
- None.
Insights
Director compensation granted as DSUs: 45,975 units on 09/30/2025.
This filing documents a non-cash director award under the Issuer’s long-term incentive plan. DSUs align director pay with shareholder value because each unit represents the economic equivalent of one common share and settles after service ends.
The grant used a C$0.80 per-share basis (converted at C$1.3941 = US$1.00) to determine unit quantity; the reporting person now directly beneficially owns 125,992 common shares following the transaction.
Form 4 discloses a routine, time-based equity award to a director; no sale or purchase of underlying shares occurred at grant.
The transaction code reported is an award (DSU grant), and the Form 4 explains settlement timing and cash-or-share settlement mechanics for U.S. directors. All material calculation inputs (C$0.80 price and exchange rate 1.3941) are disclosed within the filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Unit | 45,975 | $0.57 | $26K |
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$0.80, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on September 26, 2025. The price was converted using the Bank of Canada exchange rate for September 26, 2025 of C$1.3941 = US$1.00.
