TMC (TMC) CFO converts 562,539 RSUs, boosting direct stake to 1.77M shares
Rhea-AI Filing Summary
TMC the metals Co Inc. Chief Financial Officer Craig Shesky exercised restricted stock units into 562,539 common shares on March 20, 2026. These RSUs come from long-term incentive grants made in 2023, 2024, and 2025 that vest over three years. After these conversions, he directly holds 1,771,460 common shares and continues to participate in the company’s multi-year RSU vesting program tied to ongoing service.
Positive
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Insights
Routine RSU vesting and exercise with no open‑market trades.
CFO Craig Shesky exercised restricted stock units that converted one-for-one into 562,539 common shares on March 20, 2026. The transaction code M and zero exercise price indicate RSU settlements under the company’s long-term incentive plan, not market purchases.
The footnotes describe three annual RSU grants from 2023, 2024, and 2025, each vesting in thirds over three years, subject to continued service. Some portions are fully vested and settled, while later grants still have future vesting dates.
Following these exercises, Shesky’s direct holdings increase to 1,771,460 common shares. With no reported sales, tax withholdings, or derivative positions remaining in this filing, the activity appears as standard executive equity compensation rather than a directional bet on TMC’s share price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 187,662 | $0.00 | -- |
| Exercise | Restricted Stock Units | 166,502 | $0.00 | -- |
| Exercise | Restricted Stock Units | 208,375 | $0.00 | -- |
| Exercise | Common Shares | 187,662 | $0.00 | -- |
| Exercise | Common Shares | 166,502 | $0.00 | -- |
| Exercise | Common Shares | 208,375 | $0.00 | -- |
Footnotes (1)
- Consists of restricted stock units ("RSUs") that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2023 and 1/3 vested on March 20, 2024, 1/3 vested on March 20, 2025 and 1/3 vested on March 20, 2026. Consists of RSUs that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2024 and 1/3 vested on March 20, 2025 and 1/3 vested on March 20, 2026. The remaining RSUs will vest, subject to continued service through the vesting date, 1/3 of the total award on March 20, 2027. Consists of RSUs that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2025 and 1/3 vested on March 20, 2026. The remaining RSUs will vest as follows, subject to continued service through each vesting date: 1/3 of the total award on March 20, 2027 and the remaining amount on March 20, 2028. Each RSU represents the right to receive one common share upon vesting. 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 "2023 Grant Date"), 1/3 on the second anniversary of the 2023 Grant Date and 1/3 on the third anniversary of the 2023 Grant Date. All of the RSUs have vested and have been settled as of the date hereof. 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 "2024 Grant Date"), 1/3 on the second anniversary of the 2024 Grant Date and 1/3 on the third anniversary of the 2024 Grant Date. 2/3 of the RSUs have vested and have been settled as of the date hereof. 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, 2025 (the "2025 Grant Date"), 1/3 on the second anniversary of the 2025 Grant Date and 1/3 on the third anniversary of the 2025 Grant Date. 1/3 of the RSUs have vested and have been settled as of the date hereof.
