Form 4: Charlotte's Web Holdings: Principal Accounting Officer Acquires Restricted Stock Units
SEC Form 4 Filing
Sarah Cambridge, Principal Accounting Officer of Charlotte's Web Holdings, Inc., reports the acquisition of 75,843 restricted stock units.
Summary
- On April 1, 2024, Sarah Cambridge, the Principal Accounting Officer of Charlotte's Web Holdings, Inc., acquired 75,843 restricted stock units.
- These restricted stock units represent a contingent right to receive one common share of Charlotte's Web Holdings, Inc. each.
- The restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date, which is April 1, 2024.
- Following this transaction, Ms. Cambridge directly owns 75,843 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The acquisition of restricted stock units by a company officer can align management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction and grant date of restricted stock units |
| 04/01/2025 | First vesting date of the restricted stock units |
| 04/03/2024 | Date of signature for the Form 4 filing |
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