Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TLRY | Common Stock | Options Exercise | $183K | +94.9K | +7.52% | $1.93 | 1.36M | Jul 26, 2023 | Direct | F1, F2 |
transaction | TLRY | Common Stock | Tax liability | -$101K | -52.5K | -3.87% | $1.93 | 1.3M | Jul 26, 2023 | Direct | F2, F3 |
transaction | TLRY | Common Stock | Options Exercise | $210K | +98.2K | +7.53% | $2.14 | 1.4M | Jul 27, 2023 | Direct | F2, F4 |
transaction | TLRY | Common Stock | Tax liability | -$116K | -54.3K | -3.87% | $2.14 | 1.35M | Jul 27, 2023 | Direct | F2, F5 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TLRY | Performance-Based Restricted Stock Units ("Synergy PSUs") | Options Exercise | $0 | -94.9K | -100% | $0.00* | 0 | Jul 26, 2023 | Common Stock | 94.9K | Direct | F6 | |
transaction | TLRY | Restricted Stock Units ("2021 LTIP RSUs") | Options Exercise | $0 | -98.2K | -50% | $0.00 | 98.2K | Jul 27, 2023 | Common Stock | 98.2K | Direct | F6 | |
transaction | TLRY | Performance-Based Restricted Stock Units | Award | $0 | +4.4M | $0.00 | 4.4M | Jul 26, 2023 | Common Stock | 4.4M | Direct | F7, F8 | ||
transaction | TLRY | Restricted Stock Units | Award | $0 | +2.36M | $0.00 | 2.36M | Jul 26, 2023 | Common Stock | 2.36M | Direct | F9, F10 |
Id | Content |
---|---|
F1 | On July 26, 2021, the reporting person was granted 189,781 of 2021 LTIP RSUs. The underlying vesting conditions were satisfied, and an amount equal to the remaining 94,891 vested on July 26, 2023. |
F2 | Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested RSUs or PSUs. |
F3 | Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 94,891 LTIP RSUs. |
F4 | July 27, 2021, the reporting person was granted 392,772 of Synergy PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the achievement of Tilray's synergy goals resulting from the integration of Aphria, Inc. The underlying performance condition was satisfied, and an amount equal to 25% of these Synergy PSUs vested (98,192) on July 27, 2023. The remaining Synergy PSUs will vest on July 27, 2024 (25%), subject to continued employment through the applicable vesting date. |
F5 | Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 98,192 Synergy PSUs. |
F6 | Each unit represents a contingent right to receive one (1) share of Tilray Common Stock. |
F7 | Each performance-based restricted stock unit ("2023 EBITDA PSU") represents a contingent right to receive one (1) share of Tilray Common Stock. Grant was effective as of close of trading on July 26, 2023. |
F8 | On July 26, 2023, the reporting person was granted 4,403,064 of the 2023 EBITDA PSUs. Subject to the reporting person's continuous employment through the vesting date, each 2023 EBITDA PSU represents the right to receive, following vesting, one (1) share of Tilray Common Stock. The 2023 EBITDA PSUs will vest based on the achievement of a cumulative performance target for Adjusted EBITDA generated by Tilray over the 3-year performance period beginning June 1, 2023, and ending May 31, 2026. |
F9 | Each restricted stock unit ("LTIP RSU") represents a contingent right to receive one (1) share of Tilray Common Stock. Grant was effective as of close of trading on July 26, 2023. |
F10 | Subject to the reporting person's continuous employment through the vesting date, the LTIP RSUs shall vest in two (2) equal annual installments, commencing on July 26, 2024, and July 26, 2025, except in the case of the reporting person's earlier voluntary resignation, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all LTIP RSUs will be forfeited. |