Key facts
- This page summarizes Mitchell Gendel's Form 4 filing for Tilray, Inc. (TLRY).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 28 Jul 2021, 21:12.
Mitchell Gendel - 26 Jul 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)
- Reporting relationship
- Global General Counsel
- Issuer ticker
- TLRY
- Reported as of
- 26 Jul 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 28 Jul 2021, 21:12:17 UTC
- Prior SEC filing
- 27 Jul 2021
- Next SEC filing
- 03 Jun 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mitchell Gendel
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Mitchell Gendel filed Form 4 for Tilray, Inc. (TLRY) on 28 Jul 2021.
Change
- Previous filing in this sequence was filed on 27 Jul 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TLRY
transaction
Derivative
Performance-Based Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +48,662
- Change %
- Price
- $0.000000
- Shares after
- 48,662
- Date
- 26 Jul 2021
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 48,662
- Exercise price
- Footnotes
- F1, F2
TLRY
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +48,661
- Change %
- Price
- $0.000000
- Shares after
- 48,661
- Date
- 26 Jul 2021
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 48,661
- Exercise price
- Footnotes
- F1, F3
TLRY
transaction
Derivative
Performance-Based Restricted Stock Units
Award
- Transaction value
- $0
- Shares
- +48,662
- Change %
- Price
- $0.000000
- Shares after
- 48,662
- Date
- 26 Jul 2021
- Ownership
- Direct
- Underlying class
- Class 2 Common Stock
- Underlying amount
- 48,662
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Tilray, Inc. Class 2 Common Stock.
Footnote F2
Subject to the reporting person's satisfaction of continued employment conditions and accelerated vesting in certain circumstances, the performance-based restricted stock units ("PSUs") will be eligible to vest in certain percentages ranging from 0% to 250% based on the stock price appreciation of (i) the highest 30-day volume weighted average stock price of Tilray, Inc.'s Class 2 Common Stock ("VWAP") during the three-year performance period (beginning on the grant date) relative to (ii) the VWAP over the 30-day period from May 1 to May 30, 2021, with appreciation targets ranging from 0% to 125%. No PSUs will be eligible to vest if the threshold appreciation target (25%) is not achieved, and if the actual stock price appreciation falls in between any of the appreciation targets, the amount of PSUs eligible to vest will be determined by linear interpolation.
Footnote F3
Subject to the reporting person's continuous employment through the vesting date, the RSUs shall vest in three (3) equal annual installments, commencing on June 1, 2022, except in the case of the reporting person's earlier involuntary termination, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited.
Footnote F4
Subject to the reporting person's continuous employment (except under certain limited circumstances) through the vesting date, each PSU represents the right to receive, following vesting, one (1) share of Tilray, Inc. Class 2 Common Stock. The resulting number of shares of Class 2 Common Stock acquired upon vesting of the PSUs is contingent upon the achievement of pre-established performance parameters relating to the achievement of Tilray, Inc.'s synergy goals resulting from the integration of Aphria, Inc., as approved by Tilray, Inc.'s Compensation Committee, over a three (3) year performance period from the grant date until July 27, 2024, with 50% of the PSUs vesting first (1st) anniversary of the grant date, and 25% vesting on each of the second (2nd) and (3rd) anniversary of the grant date.