DIRTT Environmental (DRTTF) reports 31,379 DSU grant to Chief Transformation Officer
Rhea-AI Filing Summary
DIRTT Environmental Solutions Ltd. reported an insider equity compensation grant for director and Chief Transformation Officer Adrian Zarate. On 12/31/2025, Zarate received 31,379 deferred share units (DSUs), each economically equivalent to one common share of DIRTT.
The DSUs were granted under the company’s Third Amended and Restated Long Term Incentive Plan and will be settled only after the holder’s service and employment with the company end. Settlement will be in either common shares or cash based on the common share closing price at a specified time after separation, with specific timing rules for U.S. directors. The grant was valued using a price of C$0.90 per common share, the Toronto Stock Exchange closing price on December 30, 2025, converted at a Bank of Canada exchange rate of C$1.3693 per US$1.00, resulting in a US$ price of $0.66 per DSU.
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FAQ
What insider transaction did DIRTT Environmental Solutions Ltd (DRTTF) report?
The company reported that director and Chief Transformation Officer Adrian Zarate received a grant of 31,379 deferred share units (DSUs) on 12/31/2025 as part of equity compensation.
What are the key terms of the DSUs granted by DIRTT Environmental (DRTTF)?
Each DSU equals one common share economically. All DSUs settle after the holder’s service and employment end, in either common shares or the cash equivalent based on the common share closing price at a specified time after separation.
How was the number of DSUs for Adrian Zarate’s grant calculated?
The DSU grant used a price of C$0.90 per common share, the Toronto Stock Exchange closing price on December 30, 2025, converted to U.S. dollars using the Bank of Canada rate of C$1.3693 = US$1.00, resulting in a DSU price of $0.66.
When will the DIRTT Environmental DSUs granted to Adrian Zarate be settled?
All DSUs settle following the Termination Date, when service and employment with DIRTT end. For U.S. directors, settlement occurs no later than 40 days after the Termination Date.
In what form will DIRTT Environmental (DRTTF) DSUs be paid out?
Each DSU will be settled in either one common share of DIRTT Environmental Solutions Ltd. or the cash equivalent, calculated using the closing price of the common shares on the day prior to the 30th day following separation from service for U.S. directors.
What role does Adrian Zarate hold at DIRTT Environmental Solutions Ltd (DRTTF)?
Adrian Zarate is disclosed as both a director and an officer, serving as the company’s Chief Transformation Officer.