Form 4: Canopy Growth Director Lazzarato Reports Share Transactions
SEC Form 4 Filing
Director David Angelo Lazzarato reports acquisition and disposal of Canopy Growth Corp shares related to restricted stock units.
Summary
- On June 10, 2024, David Angelo Lazzarato, a director of Canopy Growth Corp, reported transactions involving the company's common shares.
- Lazzarato acquired 21,540 shares in the form of restricted stock units (RSUs) at a price of $0.
- He also disposed of 3,707 shares at a price of $9.94 (Canadian dollars), to cover tax obligations associated with the vesting of previously granted RSUs.
- Following these transactions, Lazzarato beneficially owns 34,875 common shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a significant shift in the company's prospects or strategy.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of share acquisition and disposal. |
| 06/28/2024 | First vesting date of RSUs. |
| 09/30/2024 | Second vesting date of RSUs. |
| 12/31/2024 | Third vesting date of RSUs. |
| 03/31/2025 | Final vesting date of RSUs. |
| 06/12/2024 | Date of Form 4 filing. |
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