Form 4: Cannabist Co Holdings Inc. Director Rosemary Mazanet Reports Stock Transactions
SEC Form 4 Filing
Director Rosemary Mazanet reports the acquisition of 217,151 common shares and the disposition of restricted stock units (RSUs) that converted into common shares on March 31, 2024.
Summary
- On March 31, 2024, Rosemary Mazanet, a director of Cannabist Co Holdings Inc., reported transactions involving the company's stock.
- Mazanet acquired 217,151 common shares.
- She also disposed of restricted stock units (RSUs) that converted into common shares.
- Specifically, 54,776 RSUs granted on March 31, 2020, 37,791 RSUs granted on March 31, 2022, and 124,584 RSUs granted on March 31, 2022, were disposed of.
- Following these transactions, Mazanet directly owns 1,752,523 common shares.
- The RSUs vest annually, and settlement occurs within 60 days of the vesting date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for directors and officers to receive and trade company stock as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/31/2020 | Grant date of 219,102 RSUs vesting annually beginning March 31, 2021. |
| 03/31/2021 | First vesting date for RSUs granted on March 31, 2020 (1/4 vest). |
| 03/31/2022 | Grant date of 151,163 and 166,113 RSUs vesting annually beginning March 31, 2023 and with 75% vesting on March 31, 2024 and 25% on March 31, 2025 respectively. |
| 03/31/2023 | First vesting date for RSUs granted on March 31, 2022 (1/4 vest). |
| 03/31/2024 | Date of reported transactions: acquisition of common shares and disposition of RSUs; 75% vesting of 166,113 RSUs granted on March 31, 2022. |
| 03/31/2025 | Final vesting date for RSUs granted on March 31, 2022 (25% vest). |
| 04/02/2024 | Date of Form 4 filing. |
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