Form 4: TerrAscend Corp. CFO Keith Stauffer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
TerrAscend Corp.'s CFO, Keith Stauffer, reports a transaction involving common shares to cover tax obligations related to restricted stock units.
Summary
- On March 25, 2024, Keith Stauffer, CFO of TerrAscend Corp., reported a transaction involving the withholding of 1,938 common shares by the issuer to cover tax obligations.
- The shares were withheld at a price of $1.72 per share.
- Following the transaction, Stauffer directly owns 507,093 common shares.
- Stauffer also reports indirect beneficial ownership of 700 common shares held by his spouse.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of transaction involving common shares withheld for tax obligations. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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