0000899243-21-009398.txt : 20210303
0000899243-21-009398.hdr.sgml : 20210303
20210303164111
ACCESSION NUMBER: 0000899243-21-009398
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gusso Lindsay R.
CENTRAL INDEX KEY: 0001809484
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39061
FILM NUMBER: 21709722
MAIL ADDRESS:
STREET 1: 7303 30 ST. S.E.
CITY: CALGARY
STATE: A0
ZIP: T2C 1N6
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DIRTT ENVIRONMENTAL SOLUTIONS LTD
CENTRAL INDEX KEY: 0001340476
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 000000000
STATE OF INCORPORATION: A0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 7303 30 ST S E
CITY: CALGARY ALBERTA T2C 1N6 CAN
STATE: A0
ZIP: T2C 1N6
BUSINESS PHONE: 403-723-5000
MAIL ADDRESS:
STREET 1: 7303 30 ST S E
CITY: CALGARY ALBERTA T2C 1N6 CAN
STATE: A0
ZIP: T2C 1N6
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-01
0
0001340476
DIRTT ENVIRONMENTAL SOLUTIONS LTD
DRTT
0001809484
Gusso Lindsay R.
7303-30TH STREET SE
CALGARY
A0
T2C 1N6
ALBERTA, CANADA
0
1
0
0
Chief Human Resources Officer
Restricted Share Units
2021-03-01
4
A
0
36765
0.00
A
Common Shares
36765
36765
D
Performance-Based Restricted Share Units
2021-03-01
4
A
0
36764
0.00
A
Common Shares
36764
36764
D
On March 1, 2021 the reporting person was granted 36,765 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.
On March 1, 2021, the reporting person was granted a target number of RSUs equal to 36,764 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.
/s/ Nandini Somayaji, as attorney-in-fact for Lindsay Gusso
2021-03-03