Form 4: Canopy Growth Director Theresa Yanofsky Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Theresa Yanofsky disposed of 1,987 common shares of Canopy Growth Corp on September 30, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- Theresa Yanofsky, a director of Canopy Growth Corp, reported a transaction involving the disposal of 1,987 common shares on September 30, 2024.
- The shares were sold at a price of $4.95 per share.
- The transaction was related to covering tax obligations associated with the vesting of restricted stock units (RSUs) granted on June 10, 2024.
- Following the transaction, Yanofsky beneficially owns 24,199 common shares.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (sale of shares for tax obligations) by a company director, which is neither particularly positive nor negative.
Industry Context
Sales of shares to cover tax obligations are a common practice among corporate executives and directors when equity compensation vests.
Key Dates
| Date | Description |
|---|---|
| 2024-06-10 | Date of grant for restricted stock units (RSUs). |
| 2024-09-30 | Date of transaction: Disposal of common shares. |
| 2024-10-02 | Date of report filing. |
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