Form 4: Tilray Brands CFO Carl Merton Reports Stock Transactions

Carl Merton, CFO of Tilray Brands, reports the vesting and disposal of Restricted Stock Units (RSUs) to cover tax obligations.

Summary

• On June 3, 2024, Carl Merton, the Chief Financial Officer of Tilray Brands, reported transactions involving Restricted Stock Units (RSUs).
• A total of 283,454 LTIP RSUs vested on June 1, 2024, each representing a contingent right to receive one share of Tilray Common Stock.
• The CFO disposed of 130,843 shares to satisfy tax withholding obligations related to the vesting of these RSUs.
• Following these transactions, Merton directly owns 602,936 shares of Tilray Common Stock, excluding unvested RSUs, but including 20,000 shares held by his spouse.
• He also holds 174,477 unvested RSUs.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure, neither particularly positive nor negative.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders due to the change in the CFO's holdings.

Key Dates