Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DRTT | Common Shares | Options Exercise | +30.8K | +27.47% | 143K | Mar 1, 2022 | Direct | F1 | ||
transaction | DRTT | Common Shares | Tax liability | -$27.8K | -14.8K | -10.34% | $1.88 | 128K | Mar 1, 2022 | Direct | |
transaction | DRTT | Common Shares | Award | $0 | +22.5K | +17.54% | $0.00 | 151K | Mar 1, 2022 | Direct | F2 |
transaction | DRTT | Common Shares | Tax liability | -$20.3K | -10.8K | -7.16% | $1.88 | 140K | Mar 1, 2022 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DRTT | Restricted Share Units | Options Exercise | $0 | +30.8K | +99.99% | $0.00 | 61.6K | Mar 1, 2022 | Common Shares | 30.8K | Direct | F1 | |
transaction | DRTT | Restricted Share Units | Award | $0 | +113K | $0.00 | 113K | Mar 1, 2022 | Common Shares | 113K | Direct | F3 | ||
transaction | DRTT | Performance-Based Restricted Share Units | Award | $0 | +113K | $0.00 | 113K | Mar 1, 2022 | Common Shares | 113K | Direct | F4 |
Id | Content |
---|---|
F1 | On March 1, 2021, the reporting person was granted 92,402 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 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 March 1, 2022 and were converted into Common Stock on a one-to-one basis at the Issuer's discretion. |
F2 | On March 1, 2022, the reporting person was granted 22,473 share awards ("Share Awards"), and 10,787 shares were withheld to pay income taxes. Each Share Award represents an unrestricted Common Share of the Issuer. |
F3 | On March 1, 2022 the reporting person was granted 113,282 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 (or a combination of cash and Common Shares) equal to the fair market value of one Common Share. |
F4 | On March 1, 2022, the reporting person was granted a target number of RSUs equal to 113,281 restricted share units (the "Target Number of Restricted Share Units"). The number of RSUs that become vested RSUs will be between 0% and 150% of the Target Number of Restricted Share Units, depending on whether and to what extent certain trading price hurdles are achieved over the three-year performance period, which commenced on the date of grant. Vesting of the RSUs is further contingent upon the reporting person's continued employment through the end of the performance period. Each RSU represents a conditional right to receive a cash payment equal to the fair market value of one 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. |