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DIRTT Environmental (DRTTF) grants CEO 87,500 RSUs vesting over three years

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Urban Benjamin Nicholas reported acquisition or exercise transactions in this Form 4 filing.

DIRTT Environmental Solutions Ltd. reported that Chief Executive Officer Benjamin Nicholas Urban received a grant of 87,500 Restricted Share Units (RSUs) on August 4, 2026. These RSUs vest in three equal annual installments beginning on the first anniversary of the grant date and represent a conditional right to receive cash, Common Shares, or a combination equal in value to one Common Share per unit.

Positive

  • None.

Negative

  • None.
Insider Urban Benjamin Nicholas
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Restricted Share Units F1 87,500 $0.00 $0.00
Holdings After Transaction: Restricted Share Units — 0 shares (Direct)
Footnotes (1)
  1. F1. On August 4, 2026, the reporting person was granted 87,500 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
RSUs granted 87,500 units Grant to CEO on August 4, 2026
RSU vesting schedule Three equal annual installments Beginning on the first anniversary of the grant date
Settlement reference value Fair market value of one Common Share per RSU Each RSU payable in cash, shares, or a combination
Underlying Common Shares 87,500 shares Underlying security for the 87,500 RSUs granted
Restricted Share Units financial
"the reporting person was granted 87,500 RSUs, vesting in three equal annual installments"
Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.
vesting financial
"87,500 RSUs, vesting in three equal annual installments beginning on the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
fair market value financial
"receive a cash payment equal to the fair market value of one Common Share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
conditional right financial
"Each RSU represents a conditional right to receive a cash payment"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider equity grant did DIRTT ENVIRONMENTAL SOLUTIONS (DRTTF) report for its CEO?

DIRTT Environmental Solutions reported that CEO Benjamin Nicholas Urban received a grant of 87,500 Restricted Share Units (RSUs) on August 4, 2026. The RSUs are a compensation award with a multi-year vesting schedule.

How many RSUs were granted to the CEO of DIRTTF and what do they represent?

The CEO of DIRTTF was granted 87,500 RSUs. Each RSU represents a conditional right to receive either a cash payment equal to the fair market value of one Common Share, Common Shares, or a combination of cash and shares equal to that value.

What is the vesting schedule for the 87,500 RSUs granted by DIRTTF?

The 87,500 RSUs granted by DIRTTF vest in three equal annual installments, beginning on the first anniversary of the August 4, 2026 grant date. This structure spreads the CEO’s incentive over multiple years.

Can the RSUs granted by DIRTTF be settled in stock or only in cash?

The RSUs may be settled in cash, Common Shares, or a combination at DIRTT Environmental Solutions’ discretion. In each case, the value delivered equals the fair market value of one Common Share per RSU.

What transaction code is associated with the DIRTTF CEO’s RSU award and what does it mean?

The RSU award uses transaction code A, described as a grant, award, or other acquisition. This indicates the CEO received the RSUs as part of compensation rather than through an open-market purchase.
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*
Urban Benjamin Nicholas

(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
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026
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
Restricted Share Units(1)08/04/2026A87,500 (1) (1)Common Shares87,500$00D
Explanation of Responses:
1. On August 4, 2026, the reporting person was granted 87,500 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share of the Issuer or, at the Issuer's discretion, a number of Common Shares (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.
/s/ Fareeha Khan, as attorney-in-fact for Benjamin Urban08/06/2026
** 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)