Form 4: TerrAscend Corp. CFO Keith Stauffer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CFO Keith Stauffer reports transactions involving TerrAscend Corp. common shares, including RSU vesting and tax withholding.
Summary
- Keith Stauffer, CFO of TerrAscend Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's common shares.
- On March 21, 2022, Stauffer acquired 75,912 common shares through a restricted share unit (RSU) award.
- These RSUs vested in three installments: 25,050 shares on March 21, 2023, 25,051 shares on March 21, 2024, and 25,811 shares on March 21, 2025.
- On March 21, 2025, 13,138 shares were withheld by TerrAscend to cover Stauffer's tax obligations related to the RSU settlement at a price of $0.44.
- Following these transactions, Stauffer directly owns 746,098 common shares and indirectly owns 700 shares through his spouse.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing. The RSU vesting is a positive sign of alignment, but the tax withholding is a neutral event.
Positives
- The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the CFO's continued stake in the company through equity compensation.
Stakeholder Impact
- Shareholders are informed about the CFO's equity holdings and transactions.
- The filing provides transparency regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/21/2022 | Date of RSU award (75,912 shares) |
| 03/21/2023 | First vesting date of RSU award (25,050 shares) |
| 03/21/2024 | Second vesting date of RSU award (25,051 shares) |
| 03/21/2025 | Third vesting date of RSU award (25,811 shares) and tax withholding (13,138 shares) |
| 03/25/2025 | Date of Form 4 filing |
Keywords
TerrAscend Corp., Keith Stauffer, CFO, Form 4, Beneficial Ownership, RSU, Restricted Share Unit, Tax Withholding, Common Shares
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