Todd Lillibridge - Feb 28, 2022 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTT)

Role
Director and Interim President and CEO, Director
Signature
/s/ Nandini Somayaji, as attorney-in-fact for Todd Lillibridge
Stock symbol
DRTT
Transactions as of
Feb 28, 2022
Transactions value $
$0
Form type
4
Date filed
3/1/2022, 02:51 PM
Previous filing
Feb 1, 2022
Next filing
Apr 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRTT Restricted Share Units Award $0 +23.5K +18.69% $0.00 149K Feb 28, 2022 Common Shares 23.5K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2022 the reporting person was granted 23,540 restricted share units ("RSUs"), vesting in three equal annual installments beginning on the first anniversary of the grant date, and contingent upon the reporting person's continued service as the Interim President and Chief Executive Officer or, following the appointment of a new President and Chief Executive Officer, continued service as a member of the Board of Directors, through each applicable vesting 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 (or a combination of cash and Common Shares) equal to the fair market value of one Common Share.

Remarks:

Director and Interim President and CEO