SIMON IRWIN D 4
4 · Tilray Brands, Inc. · Filed Aug 2, 2024
Insider Transaction Report
Form 4
SIMON IRWIN D
President and CEO
Transactions
- Exercise/Conversion
Common Stock
2024-07-31$2.03/sh+706,214$1,433,614→ 3,637,021 total - Exercise/Conversion
Performance-Based Restricted Stock Units ("2022 PSUs")
2024-07-31−706,214→ 0 total→ Common Stock (706,214 underlying) - Tax Payment
Common Stock
2024-07-31$2.03/sh−390,537$792,790→ 3,246,484 total
Footnotes (4)
- [F1]On July 26, 2022, the reporting person was granted 1,412,429 of 2022 PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the aggregate EBITDA generated from the HEXO transaction. The underlying performance condition was satisfied, and 706,214 units vested on July 31, 2024.
- [F2]Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested PSUs.
- [F3]Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 706,214 of 2022 PSUs previously granted on June 26, 2022.
- [F4]Each unit represents a contingent right to receive one (1) share of Tilray Common Stock.