Anthony O'Sullivan - 20 Mar 2024 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Signature
/s/ Ryan Coombes, General Counsel
Issuer symbol
TMC
Transactions as of
20 Mar 2024
Net transactions value
$0
Form type
4
Filing time
22 Mar 2024, 21:32:01 UTC
Previous filing
29 Nov 2023
Next filing
01 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $0 +139,224 +27% $0.000000 652,001 20 Mar 2024 Direct F1
transaction TMC Common Shares Award $0 +344,828 +53% $0.000000 996,829 20 Mar 2024 Direct F2
holding TMC Common Shares 385,110 20 Mar 2024 JOZEM Pty Ltd., Trustee of the O'Sullivan Family Trust No. 1 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, 2024 (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 The Reporting Person is the sole director of JOZEM Pty Ltd., which is the trustee of The O'Sullivan Family Trust No. 1.