Form 4: Cannabist Co Holdings Inc. President Jesse Channon Reports Stock Transactions
SEC Form 4 Filing
Jesse Channon, President of Cannabist Co Holdings Inc., reports the acquisition of 420,225 common shares through the vesting of restricted stock units on March 31, 2024.
Summary
- On March 31, 2024, Jesse Channon, President of Cannabist Co Holdings Inc., acquired 420,225 common shares.
- These shares were obtained through the vesting of restricted stock units (RSUs).
- The reporting person now beneficially owns 1,073,154 common shares directly.
- The transactions involved the vesting of RSUs granted on March 31, 2020, and March 31, 2022, with varying vesting schedules.
- 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.
Positives
- The vesting of RSUs indicates that performance milestones or time-based conditions have been met.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Stakeholder Impact
- The transaction increases the alignment of the President's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/31/2020 | Grant date of 219,102 RSUs vesting annually beginning March 31, 2021. |
| 03/31/2022 | Grant date of 215,947 and 415,283 RSUs vesting annually beginning March 31, 2023, and with 75% vesting on March 31, 2024, and 25% on March 31, 2025, respectively. |
| 03/31/2024 | Date of transaction: vesting of RSUs resulting in the acquisition of 420,225 common shares. |
| 04/02/2024 | Date of Form 4 filing. |
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