Meiers James R. 4
4 · Tilray, Inc. · Filed Aug 23, 2021
Insider Transaction Report
Form 4
Tilray, Inc.TLRY
Meiers James R.
Head of Canada
Transactions
- Tax Payment
Class 2 Common Stock
2021-08-19$12.68/sh−7,633$96,786→ 49,537 total - Exercise/Conversion
Class 2 Common Stock
2021-08-19+32,548→ 57,170 total - Exercise/Conversion
Class 2 Common Stock
2021-08-19+31,125→ 80,662 total - Tax Payment
Class 2 Common Stock
2021-08-19$12.68/sh−7,299$92,551→ 73,363 total - Exercise/Conversion
Restricted Stock Units
2021-08-19−32,548→ 0 total→ Class 2 Common Stock (32,548 underlying) - Exercise/Conversion
Restricted Stock Units
2021-08-19−31,125→ 0 total→ Class 2 Common Stock (31,125 underlying)
Footnotes (4)
- [F1]These shares were retained by Tilray, Inc. ("Tilray") via settlement on a net withholding basis in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of restricted stock units ("RSUs") granted to the reporting person on November 14, 2019 and August 12, 2020. None of these shares were sold in an open market transaction.
- [F2]RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.
- [F3]On August 12, 2020, the reporting person was granted 65,096 RSUs, with 50% vesting on August 12, 2021, and the remaining 50% scheduled to vest on August 12, 2022. On August 19, 2021, the Compensation Committee of Tilray's Board of Directors (the "Compensation Committee") accelerated the vesting of the remaining unvested RSUs.
- [F4]On November 14, 2019, the reporting person was granted 62,250 RSUs, with 50% vesting on November 14, 2020, and the remaining 50% scheduled to vest on November 14, 2021. On August 19, 2021, the Compensation Committee accelerated the vesting of the remaining unvested RSUs.