DIRTT Environmental (OTC: DRTTF) director receives 150,000 RSUs as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DIRTT Environmental Solutions Ltd director Scott L. Robinson acquired 150,000 Restricted Share Units on May 11, 2026 as compensation, not through an open-market purchase. These RSUs will cliff vest on July 1, 2026 and each represents a right to cash or Common Shares equal to the fair market value of one Common Share.
Positive
- None.
Negative
- None.
Insider Trade Summary
150,000 shares exercised/converted
Mixed
1 txn
Insider
Robinson Scott L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 150,000 | $0.56 | $84K |
Holdings After Transaction:
Restricted Share Units — 150,000 shares (Direct, null)
Footnotes (1)
- On May 11, 2026, the reporting person was granted 150,000 restricted share units ("RSUs") which will cliff vest on July 1, 2026. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one Common Share 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. The price used to calculate the May 11 RSU vesting was C$0.77, which was the closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on May 11, 2026. The price was converted using the Bank of Canada exchange rate for May 11, 2026 of C$1.3667= US$1.00
Key Figures
RSUs granted: 150,000 Restricted Share Units
Transaction share value reference: 0.5600 per share
TSX closing price: C$0.77
+3 more
6 metrics
RSUs granted
150,000 Restricted Share Units
Granted to Scott L. Robinson on May 11, 2026
Transaction share value reference
0.5600 per share
Form 4 transaction price per share for RSUs
TSX closing price
C$0.77
DIRTT Common Shares closing price on May 11, 2026
FX rate used
C$1.3667 = US$1.00
Bank of Canada exchange rate on May 11, 2026
Post-transaction holdings
150,000 shares-equivalent
Total shares following transaction per Form 4
Cliff vest date
July 1, 2026
Date when 150,000 RSUs will cliff vest
Key Terms
Restricted Share Units, cliff vest, fair market value, Toronto Stock Exchange, +1 more
5 terms
cliff vest financial
"150,000 restricted share units ("RSUs") which will cliff vest on July 1, 2026"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
fair market value financial
"represents a conditional right to 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.
Toronto Stock Exchange financial
"closing price Issuer's Common Shares as reported on the Toronto Stock Exchange on May 11, 2026"
The Toronto Stock Exchange is Canada’s largest organized marketplace where shares of publicly traded companies are bought and sold, similar to a large, regulated marketplace for company ownership. It matters to investors because it provides transparent prices, rules that help protect buyers and sellers, and access to many Canadian and international businesses, so movements there can signal economic trends and affect portfolio values.
Bank of Canada exchange rate financial
"converted using the Bank of Canada exchange rate for May 11, 2026 of C$1.3667= US$1.00"
FAQ
What insider transaction did DIRTT Environmental Solutions (DRTTF) report for Scott L. Robinson?
Scott L. Robinson received 150,000 Restricted Share Units as compensation on May 11, 2026. These RSUs are not open-market share purchases but derivative awards that can settle in cash, Common Shares, or a combination, at the issuer’s discretion.
Are the 150,000 DIRTT (DRTTF) RSUs for Scott L. Robinson immediately vested?
No, the 150,000 Restricted Share Units will cliff vest on July 1, 2026. Until vesting, they represent a conditional right to value, not currently exercisable or settled shares, and are part of the director’s compensation structure.
How can Scott L. Robinson’s DIRTT (DRTTF) RSUs be settled at vesting?
Each Restricted Share Unit may be settled in a cash payment equal to the fair market value of one Common Share or, at the issuer’s discretion, in Common Shares or a mix of cash and Common Shares, matching that fair market value.
What price was used to value DIRTT (DRTTF) RSUs granted on May 11, 2026?
The RSU value used the May 11, 2026 closing price of C$0.77 for DIRTT’s Common Shares on the Toronto Stock Exchange. This Canadian-dollar price was converted using a Bank of Canada exchange rate of C$1.3667 = US$1.00.