Key facts
- This page summarizes Jeffrey Calkins's Form 4 filing for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF).
- 7 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 03 Mar 2022, 09:41.
Jeffrey Calkins - 01 Mar 2022 Form 4 Insider Report for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- DRTTF
- Reported as of
- 01 Mar 2022
- Net transaction value
- -$37,075
- SEC form
- 4
- Accepted by SEC
- 03 Mar 2022, 09:41:58 UTC
- Prior SEC filing
- 22 Jun 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Nandini Somayaji, as attorney-in-fact for Jeff Calkins
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Jeffrey Calkins filed Form 4 for DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF) on 03 Mar 2022.
Change
- Previous filing in this sequence was filed on 22 Jun 2021.
- Current net transaction value: -$37,075.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
DRTT
transaction
Common Shares
Options Exercise
- Transaction value
- Shares
- +25,490
- Change %
- +24%
- Price
- Shares after
- 129,979
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
DRTT
transaction
Common Shares
Tax liability
- Transaction value
- $21,278
- Shares
- -11,318
- Change %
- -8.7%
- Price
- $1.88
- Shares after
- 118,661
- Date
- 01 Mar 2022
- Ownership
- Direct
DRTT
transaction
Common Shares
Award
- Transaction value
- $0
- Shares
- +18,925
- Change %
- +16%
- Price
- $0.000000
- Shares after
- 137,586
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
DRTT
transaction
Common Shares
Tax liability
- Transaction value
- $15,798
- Shares
- -8,403
- Change %
- -6.1%
- Price
- $1.88
- Shares after
- 129,183
- Date
- 01 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
DRTT
transaction
Derivative
Restricted Share Units
Options Exercise
- Transaction value
- $0
- Shares
- +25,490
- Change %
- +100%
- Price
- $0.000000
- Shares after
- 50,981
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 25,490
- Exercise price
- Footnotes
- F1
DRTT
transaction
Derivative
Restricted Share Units
Award
- Transaction value
- $0
- Shares
- +113,282
- Change %
- Price
- $0.000000
- Shares after
- 113,282
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 113,282
- Exercise price
- Footnotes
- F3
DRTT
transaction
Derivative
Performance-Based Restricted Share Units
Award
- Transaction value
- $0
- Shares
- +113,281
- Change %
- Price
- $0.000000
- Shares after
- 113,281
- Date
- 01 Mar 2022
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 113,281
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On March 1, 2021, the reporting person was granted 76,471 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.
Footnote F2
On March 1, 2022, the reporting person was granted 18,925 share awards ("Share Awards"), and 8,403 shares were withheld to pay income taxes. Each Share Award represents an unrestricted Common Share of the Issuer.
Footnote 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.
Footnote 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.