Erika ILVES - Mar 20, 2023 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role
Chief Strategy Officer
Signature
/s/ Jeffrey Cohan, Attorney-in-Fact
Stock symbol
TMC
Transactions as of
Mar 20, 2023
Transactions value $
$0
Form type
4
Date filed
4/5/2023, 04:09 PM
Previous filing
Feb 22, 2022
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $0 +268K +49.96% $0.00 803K Mar 20, 2023 Direct F1
transaction TMC Common Shares Award $0 +563K +70.07% $0.00 1.37M Mar 20, 2023 Direct F2
holding TMC Common Shares 30.7K Mar 20, 2023 By children
* 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.