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

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, 16:09:30 UTC
Previous filing
22 Feb 2022
Next filing
22 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $0 +267,696 +50% $0.000000 803,469 20 Mar 2023 Direct F1
transaction TMC Common Shares Award $0 +562,987 +70% $0.000000 1,366,456 20 Mar 2023 Direct F2
holding TMC Common Shares 30,682 20 Mar 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.