Form 4: Canopy Growth Corp Director Theresa Yanofsky Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Theresa Yanofsky sold 1,983 common shares of Canopy Growth Corp on June 28, 2024, to cover tax obligations related to the vesting of restricted stock units.
Summary
- Theresa Yanofsky, a director of Canopy Growth Corp, reported a transaction on June 28, 2024.
- Yanofsky sold 1,983 common shares at a price of $6.41 per share.
- The sale was to cover tax obligations associated with the vesting of restricted stock units (RSUs) granted on June 10, 2024.
- Following the transaction, Yanofsky beneficially owns 26,186 common shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales of shares by company directors are a normal part of corporate governance. It is common for sales to occur to cover tax obligations related to vesting equity.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of grant for restricted stock units (RSUs). |
| 06/28/2024 | Date of the share sale transaction. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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