4//SEC Filing
Metcalf Jeffrey 4
Accession 0000899243-22-023508
CIK 0001340476other
Filed
Jun 20, 8:00 PM ET
Accepted
Jun 21, 8:40 PM ET
Size
9.3 KB
Accession
0000899243-22-023508
Insider Transaction Report
Form 4
Metcalf Jeffrey
See Remarks
Transactions
- Exercise/Conversion
Common Shares
2022-06-17+13,333→ 67,160 total - Tax Payment
Common Shares
2022-06-17$0.94/sh−6,400$6,046→ 60,760 total - Exercise/Conversion
Restricted Share Units
2022-06-17−13,333→ 13,333 total→ Common Shares (13,333 underlying)
Footnotes (2)
- [F1]On June 17, 2020, the reporting person was granted 40,000 restricted share units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one share of common stock of the Issuer (a "Common Share") or, at the Issuer's discretion, a number of Common Shares equal to the number of vested RSUs (or a combination of cash and Common Shares). One-third of the RSUs vested on June 17, 2022 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion.
- [F2]The price used to calculate the tax liability was C$1.2314, which was the Fair Market Value of the Issuer's Common Shares on the vesting date, converted from Canadian dollars to U.S. dollars using the Bank of Canada daily average exchange rate on June 17, 2022 of C$1.3035 = US $1.00.
Documents
Issuer
DIRTT ENVIRONMENTAL SOLUTIONS LTD
CIK 0001340476
Entity typeother
Related Parties
1- filerCIK 0001928965
Filing Metadata
- Form type
- 4
- Filed
- Jun 20, 8:00 PM ET
- Accepted
- Jun 21, 8:40 PM ET
- Size
- 9.3 KB