Form 4: Cannabist Co Holdings CEO David Hart Reports Stock Transactions
SEC Form 4 Filing
David James Hart, CEO of Cannabist Co Holdings Inc., reported the acquisition and disposal of common shares and derivative securities on March 23, 2024.
Summary
- On March 23, 2024, David James Hart, the CEO of Cannabist Co Holdings Inc., reported transactions involving the company's stock.
- Hart acquired 38,938 common shares through the vesting of restricted stock units (RSUs).
- He also disposed of 38,938 common shares.
- Following these transactions, Hart directly owns 1,235,091 common shares.
- Hart also indirectly owns 14,000 common shares held in an Individual Retirement Account.
- The reported transactions also involve derivative securities, specifically RSUs, with 38,938 RSUs vesting on March 23, 2024.
- These RSUs were part of a grant of 155,751 RSUs on March 23, 2021, which vest annually, with settlement occurring within 60 days of the vesting date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the CEO's stake in the company.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency into executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/23/2021 | Grant date of 155,751 Restricted Stock Units (RSUs), vesting annually beginning March 23, 2022. |
| 03/23/2022 | First vesting date for the RSUs granted on March 23, 2021. |
| 03/23/2024 | Date of reported transactions: acquisition and disposal of common shares and vesting of 38,938 RSUs. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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