Form 4: Tilray Brands Executive Mitchell Gendel Reports Stock Transactions
SEC Form 4 Filing
Mitchell Gendel, Global General Counsel of Tilray Brands, reports the vesting and subsequent tax withholding of Restricted Stock Units (RSUs).
Summary
- On June 3, 2024, Mitchell Gendel, Global General Counsel of Tilray Brands, reported transactions involving Restricted Stock Units (RSUs).
- A total of 352,491 LTIP RSUs vested on June 1, 2024, each representing a contingent right to receive one share of Tilray Common Stock at a price of $1.8.
- The company withheld 179,949 shares to satisfy tax obligations related to the vesting of these RSUs.
- Following these transactions, Gendel directly owns 368,338 shares of common stock, excluding unvested RSUs.
- Additionally, Gendel holds 231,218 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Vesting date of 352,491 LTIP RSUs |
| 06/03/2024 | Date of transaction report |
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