Form 4: TerrAscend Corp. CEO Ghanem Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
TerrAscend Corp.'s CEO, Ziad Ghanem, disposed of 3,027 common shares to cover tax obligations related to the settlement of restricted share units.
Summary
- On March 21, 2025, Ziad Ghanem, the President and CEO of TerrAscend Corp., disposed of 3,027 common shares.
- The shares were withheld by the issuer, TerrAscend Corp., to satisfy Ghanem's tax withholding obligations.
- This was in connection with the settlement of restricted share units under the company's equity plan.
- The transaction price was $0.44 per share.
- Following the transaction, Ghanem directly owns 450,089 common shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This type of transaction, where shares are withheld to cover tax obligations, is a common practice in equity compensation plans.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of the share disposal transaction. |
| 03/25/2025 | Date of signature by Attorney-in-Fact. |
Keywords
TerrAscend Corp, Ziad Ghanem, Form 4, Share Disposal, Tax Obligations, Restricted Share Units, Equity Plan, TSNDF
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