Form 4: Canopy Growth CEO David Klein Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Canopy Growth's CEO, David Eric Klein, disposed of 40,135 common shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On August 22, 2024, David Eric Klein, CEO of Canopy Growth Corp, disposed of 40,135 common shares.
- The shares were sold at a price of $8.35 CAD per share.
- This transaction was to cover tax obligations associated with the vesting of restricted stock units (RSUs) granted on August 22, 2023.
- Following the transaction, Klein directly owns 360,829 common shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares for tax obligations) and doesn't contain information that would significantly impact sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation, particularly when dealing with equity-based compensation like RSUs. The sale itself doesn't necessarily reflect a change in the executive's outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 08/22/2023 | Date of grant for restricted stock units (RSUs). |
| 08/22/2024 | Date of transaction: Disposal of shares to cover tax obligations related to vesting of RSUs. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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