TMC the metals Co (TMC) grants 453,515 RSUs to Chief Strategy Officer

Q: 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.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider ILVES Erika

Role Chief Strategy Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	453,515	$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)

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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"

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 05:31 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ILVES Erika

(Last)

(First)

(Middle)

C/O TMC THE METALS COMPANY INC.,

1111 WEST HASTINGS STREET, 15TH FLOOR

(Street)

VANCOUVER

V6E 2J3

(City)

(State)

(Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
TMC the metals Co Inc. [ TMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Strategy Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	04/13/2026		A		453,515⁽¹⁾	A	$0.00	5,214,199	D
Common Shares								30,682	I	By children

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

	/s/ Michelle Ancosky. Attorney-In-Fact	04/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

How many TMC (TMC) common shares does Erika Ilves hold after this Form 4?

After the reported grant, Erika Ilves directly holds 5,214,199 common shares. The Form 4 also notes 30,682 additional shares held indirectly by her children, reflecting both direct and indirect ownership positions associated with her.

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.