Gerard Barron - 20 Mar 2023 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role
Chief Executive Officer, Director
Signature
/s/ Jeffrey Cohan, Attorney-in-Fact
Issuer symbol
TMC
Transactions as of
20 Mar 2023
Net transactions value
$0
Form type
4
Filing time
05 Apr 2023, 16:06:32 UTC
Previous filing
03 Jan 2023
Next filing
05 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $0 +382,907 +2.5% $0.000000 15,880,396 20 Mar 2023 Direct F1
transaction TMC Common Shares Award $0 +1,439,220 +9.1% $0.000000 17,319,616 20 Mar 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.
F2 The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.
F3 This amount includes 35,000 common shares purchased by the Reporting Person on March 28, 2023.