[Form 4] DIRTT ENVIRONMENTAL SOLUTIONS LTD Insider Trading Activity
Rhea-AI Filing Summary
Director Ryan Scott C was granted 34,308 deferred share units (DSUs) on 09/30/2025 under the DIRTT Environmental Solutions Ltd. Third Amended and Restated Long Term Incentive Plan. Each DSU is economically equivalent to one common share and will settle after the director's separation from service, either in common shares or cash. The DSUs were calculated using a Canadian closing price of C$0.80 on 09/26/2025, converted at the Bank of Canada rate of C$1.3941 = US$1.00, producing an effective US dollar price of approximately $0.57 per DSU. Following this grant, the reporting person directly beneficially owns 954,038 common shares.
Positive
- 34,308 DSUs granted aligning director compensation with shareholder value
- Grant uses disclosed C$0.80 price and C$1.3941 FX rate for transparent valuation
- Reporting person retains substantial ownership at 954,038 common shares
Negative
- None.
Insights
Grant reflects routine director compensation aligned with long‑term equity incentives.
The 34,308 DSUs are granted under the issuer's established long‑term incentive plan and vest as an economic entitlement payable at termination of service, which is a common mechanism to align director interests with shareholders without immediate dilution.
This grant is disclosed under Section 16 reporting rules and appears to be a routine, non‑exercisable deferred award rather than an option or convertible security, indicating limited immediate market impact.
DSU calculation uses specific market and FX inputs disclosed, clarifying value.
The DSU count was based on a Toronto Stock Exchange closing price of C$0.80 and the Bank of Canada exchange rate of C$1.3941 = US$1.00, yielding a US dollar equivalent price shown as $0.57. This transparent methodology allows investors to approximate the grant's dollar value.
The award settles in shares or cash after separation; because settlement timing depends on termination, the immediate dilution effect is delayed until the DSUs convert to shares.