Form 4: MindMed CFO Schond Greenway Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
MindMed's Chief Financial Officer, Schond L. Greenway, reports the withholding of 5,560 common shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 25, 2024, Schond L. Greenway, the Chief Financial Officer of Mind Medicine (MindMed) Inc., had 5,560 common shares withheld to satisfy withholding tax obligations.
- This was in connection with the settlement of vested restricted stock units, as permitted by the Issuer's Performance and Restricted Share Unit Plan.
- The transaction price was $9.78 per share.
- Following the transaction, Greenway beneficially owns 211,057 common shares directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in insider ownership.
- Employees who hold restricted stock units are affected by the tax implications of vesting.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Transaction date: 5,560 common shares withheld for tax obligations. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
| 03/26/2024 | Date of execution for the Power of Attorney. |
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