Timothy Alan Conder - Apr 19, 2024 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Higgins as attorney-in-fact for Timothy Alan Conder
Stock symbol
TLLTF
Transactions as of
Apr 19, 2024
Transactions value $
$0
Form type
4
Date filed
4/23/2024, 05:27 PM
Previous filing
Jun 15, 2023
Next filing
Jul 2, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLLTF Performance stock units Award $0 +667K $0.00 667K Apr 19, 2024 Common Shares, no par value 667K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 26, 2023, the Reporting Person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance metrics were met as of December 31, 2023. On April 19, 2024, the Board of Directors of the Issuer determined that the Reporting Person satisfied certain performance metrics to which the PSUs were subject and as a result the Reporting Person earned 666,666 PSUs. Such earned PSUs will vest on June 30, 2024. Each PSU is equivalent in value to one share of the Issuer's common shares, no par value.
F2 PSUs do not expire; they either vest or are cancelled.