Form 4: TerrAscend Corp. CFO Keith Stauffer Amends Employee Share Option

Keith Stauffer, CFO of TerrAscend Corp., amended an existing employee share option, resulting in the cancellation of the old option and the grant of a replacement option on June 17, 2024.

Summary

• Keith Stauffer, the CFO of TerrAscend Corp., filed a Form 4 on June 20, 2024, regarding changes in beneficial ownership.
• The filing details an amendment to an existing employee share option.
• The amendment involved the deemed cancellation of an old option and the grant of a replacement option on June 17, 2024.
• The options are rights to buy common shares of TerrAscend Corp. at an exercise price of $2.31.
• The original option was granted on April 27, 2020, and was fully vested.
• The replacement option, also for 700,000 shares, expires on July 24, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding an executive's stock options, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock options, common in publicly traded companies. It reflects standard practices for incentivizing and retaining key personnel.

Stakeholder Impact

• The amendment of the stock option may have a minor positive impact on employee morale and retention.

Key Dates