DIRTT Environmental (DRTTF) director reports 32,996 DSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DIRTT Environmental Solutions Ltd. director reported a new award of deferred share units, a form of stock-based compensation that tracks the value of the company’s common shares. On December 31, 2025, the director received 32,996 deferred share units (DSUs), each economically equivalent to one common share.
The DSUs were valued at $0.66 per unit and were granted under the company’s Long Term Incentive Plan. After this grant, the director beneficially owned 900,571 derivative securities. The DSUs will be settled only after the director’s service with the company ends and can be paid in either common shares or cash, with settlement for U.S. directors required no later than forty days after their termination date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Edwards Douglas A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Unit | 32,996 | $0.66 | $22K |
Holdings After Transaction:
Deferred Share Unit — 900,571 shares (Direct)
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?
A director of DIRTT Environmental Solutions Ltd. reported receiving 32,996 deferred share units (DSUs) on December 31, 2025 as stock-based compensation.
How many DIRTT Environmental DSUs does the director own after this transaction?
Following the reported grant, the director beneficially owned 900,571 derivative securities, which include deferred share units tied to common shares.
When will the DIRTT Environmental DSUs be settled for the director?
All DSUs settle after the director’s cessation of service and employment with DIRTT Environmental. For U.S. directors, settlement occurs no later than forty days after the termination date.
How are the DIRTT Environmental DSUs paid out at settlement?
Each DSU will be settled in either one common share or the cash equivalent, based on the closing price of DIRTT Environmental’s common shares on the day before the 30th day following separation from service for U.S. directors.
What price was used to calculate the number of DIRTT Environmental DSUs granted?
The grant used a price of C$0.90, the Toronto Stock Exchange closing price of the common shares on December 30, 2025, converted using a Bank of Canada rate of C$1.3693 = US$1.00.