Form 4: Canopy Growth CFO Judy Hong Sells Shares to Cover Tax Obligations
SEC Form 4
Judy Hong, CFO of Canopy Growth Corp, disposed of 50,188 common shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On August 22, 2024, Judy Eun Joo Hong, the Chief Financial Officer of Canopy Growth Corp, disposed of 50,188 common shares.
- The shares were sold at a price of $8.35 CAD per share.
- This transaction was related to covering tax obligations associated with the vesting of restricted stock units (RSUs) that were granted on August 22, 2023.
- Following the transaction, Hong directly owns 187,037 common shares of Canopy Growth Corp.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (share disposal for tax obligations) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/22/2023 | Date of grant for the restricted stock units (RSUs). |
| 08/22/2024 | Date of the transaction where 50,188 common shares were disposed of. |
| 08/26/2024 | Date of signature for the Form 4 filing. |
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