Form 4: Cannabist Co Holdings CFO Derek Watson Reports Stock Transactions
SEC Form 4
Derek Watson, CFO of Cannabist Co Holdings Inc., reports the vesting and disposal of restricted stock units (RSUs) resulting in changes to his beneficial ownership of common shares.
Summary
- On March 31, 2024, Derek Watson, the Chief Financial Officer of Cannabist Co Holdings Inc., reported transactions involving restricted stock units (RSUs).
- These RSUs, granted on March 31, 2022, vested according to their respective schedules.
- The transactions involved the vesting of 53,987 RSUs, 41,528 RSUs, and 124,584 RSUs, each representing a contingent right to receive one share of the Issuer's common stock.
- Watson disposed of 220,099 common shares and now beneficially owns 335,613 shares following the reported transactions.
- Settlement of vested RSUs will occur within 60 days of the applicable 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.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership within a publicly traded company in the cannabis industry. It provides transparency regarding the financial interests of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of common shares.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Date of grant for the restricted stock units (RSUs). |
| 03/31/2023 | First annual vesting date for some of the RSUs. |
| 03/31/2024 | Date of the reported transactions involving the vesting and disposal of RSUs. |
| 03/31/2025 | Final vesting date for some of the RSUs. |
| 04/02/2024 | Date of the form filing. |
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