Form 4: TerrAscend Corp. Director Schutter Reports Tax-Related Share Withholding
SEC Form 4 Filing
Director Edward J. Schutter had shares withheld by TerrAscend Corp. to cover tax obligations related to the settlement of restricted share units.
Summary
- On December 31, 2024, TerrAscend Corp. withheld 71,483 common shares from Director Edward J. Schutter to satisfy tax obligations.
- The shares were withheld at a price of $0.65 per share.
- Following the transaction, Schutter beneficially owns 1,538,797 common shares of TerrAscend Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding share withholding for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, not a direct sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of share withholding transaction. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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