Powers Eric 4

What Happened Eric Powers, Chief Legal Officer of Trulieve Cannabis Corp. (TRUL), was granted two award packages on March 13, 2026: 58,594 restricted stock units (RSUs) and 41,668 derivative awards. Both grants were reported as awards (SEC code A) with $0 purchase price (no cash exchanged). The RSUs and the derivative award carry future vesting conditions described in the filing.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026.
• Awards: 58,594 RSUs (grant) and 41,668 derivative awards; both acquired at $0.00 per share (total cash paid = $0).
• Vesting (per footnotes):
  • RSUs: each RSU converts to one Trulieve subordinate voting share; 50% vest on Dec 1, 2027 and 50% on Dec 1, 2028.
  • Derivative award: becomes exercisable in three annual installments — one-third on Dec 1, 2026, one-third on Dec 1, 2027, and one-third on Dec 1, 2028.
• Shares owned after the transaction: not specified in the reported Form 4.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax-withholding sale, or cashless exercise noted in the filing.

Context

• These are compensation awards, not open-market purchases or sales. RSUs represent a contingent right to receive shares if vesting conditions are met; derivative awards described are option-like and vest over time. Such grants are routine for executive compensation and do not by themselves indicate immediate buying or selling activity.