Form 4: Tilray Brands Director Jodi L. Butts Reports Stock Transactions

Director Jodi L. Butts reports the vesting of restricted stock units and subsequent tax withholding, resulting in a net change in beneficial ownership of Tilray Brands stock.

Summary

• On June 21, 2024, Jodi L. Butts, a director of Tilray Brands, Inc., reported transactions involving the company's common stock.
• A total of 3,858 Long-Term Incentive Plan (LTIP) Restricted Stock Units (RSUs) vested, each representing the right to receive one share of Tilray common stock.
• The vesting price was $1.66 per share.
• The company withheld 1,935 shares to satisfy tax obligations related to the vesting of these RSUs.
• Following these transactions, Butts directly owns 47,930 shares of Tilray common stock, excluding unvested RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director, with no inherent positive or negative implications for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice for publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms and tax obligations.

Key Dates