TMC awards 453,515 RSUs to strategy chief
TMC the metals Co Inc. reported that Chief Strategy Officer Erika Ilves received a grant of 453,515 restricted stock units (RSUs) on April 13, 2026 as part of the company’s long-term incentive plan.
Rhea-AI Filing Summary
TMC the metals Co Inc. reported that Chief Strategy Officer Erika Ilves received a grant of 453,515 restricted stock units (RSUs) on April 13, 2026 as part of the company’s long-term incentive plan. Each RSU converts into one common share upon vesting.
The RSUs vest over three years, with one-third vesting on March 20, 2027, one-third on March 20, 2028, and one-third on March 20, 2029, subject to her continued service through each vesting date. After this grant, Ilves directly holds 5,214,199 common shares, with an additional 30,682 shares held indirectly by her children.
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Insider Trade Summary
Grant/Award: 453,515 shares
Grant/Award
2 txns
Insider
ILVES Erika
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 453,515 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 5,214,199 shares (Direct);
Common Shares — 30,682 shares (Indirect, By children)
Footnotes (1)
- F1. Consists of RSUs. Each RSU represents the right to receive one Share upon vesting. The RSUs were granted on April 13, 2026 as part of the Issuer's long-term incentive plan and vest, subject to continued service through the respective vesting date, over a three year period as follows: 1/3 on March 20, 2027, 1/3 on March 20, 2028 and 1/3 on March 20, 2029.
Key Figures
RSU grant size: 453,515 RSUs
Direct common share holdings: 5,214,199 shares
Indirect common share holdings: 30,682 shares
+2 more
5 metrics
RSU grant size
453,515 RSUs
Granted April 13, 2026 under long-term incentive plan
Direct common share holdings
5,214,199 shares
Total directly held after reported transactions
Indirect common share holdings
30,682 shares
Held indirectly by children after reported transactions
Vesting installment dates
March 20, 2027/2028/2029
One-third of RSUs vest on each listed date
Grant price per share
$0.0000 per share
Reported transaction price for RSU-related common shares
Key Terms
RSUs, long-term incentive plan, continued service, indirect
4 terms
RSUs financial
"Consists of RSUs. Each RSU represents the right to receive one Share upon vesting."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
long-term incentive plan financial
"The RSUs were granted on April 13, 2026 as part of the Issuer's long-term incentive plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
continued service financial
"vest, subject to continued service through the respective vesting date, over a three year period"
indirect financial
"total_shares_following_transaction: 30682.0000, direct_or_indirect: I, nature_of_ownership: By children"
FAQ
What did TMC (TMC) report about Erika Ilves’s latest equity award?
TMC reported that Chief Strategy Officer Erika Ilves received 453,515 RSUs. The grant was made on April 13, 2026 under the company’s long-term incentive plan and will convert into common shares as units vest over time.
How many RSUs did Erika Ilves receive from TMC (TMC) and on what terms?
Erika Ilves received 453,515 restricted stock units from TMC. Each RSU equals one common share upon vesting. The award was granted at no cash cost to her as part of the company’s long-term incentive compensation program.
What is the vesting schedule for Erika Ilves’s 453,515 RSUs at TMC (TMC)?
The 453,515 RSUs vest in three equal annual installments. One-third vests on March 20, 2027, another third on March 20, 2028, and the final third on March 20, 2029, contingent on her continued service through each vesting date.
Are Erika Ilves’s new RSUs at TMC (TMC) immediately vested or performance-based?
The RSUs are time-based and vest over three years, not immediately. Vesting occurs in equal thirds on March 20 of 2027, 2028, and 2029, and depends on her remaining in service through each scheduled vesting date.
Does the TMC (TMC) Form 4 show any stock sales by Erika Ilves?
The Form 4 reports an acquisition of RSUs and no stock sales. The main transaction is a grant of 453,515 restricted stock units, with the filing not listing any open-market disposals or other sell transactions for common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
