Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TLRY | Common Stock | Options Exercise | $475K | +188K | +98.19% | $2.53 | 379K | Jul 31, 2023 | Direct | F1, F2 |
transaction | TLRY | Common Stock | Tax liability | -$243K | -95.9K | -25.29% | $2.53 | 283K | Jul 31, 2023 | Direct | F2, F3 |
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 ("2022 PSUs") | Options Exercise | $0 | -93.9K | -50% | $0.00 | 93.9K | Jul 31, 2023 | Common Stock | 93.9K | Direct | F4 |
Id | Content |
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F1 | On July 26, 2022, the reporting person was granted 187,853 of 2022 PSUs, with vesting subject to the achievement of certain pre-established performance targets for aggregate EBITDA generated from the HEXO transaction over the one (1) year performance period following the HEXO closing date. The underlying performance condition was satisfied, and an amount equal to 50% of these 2022 PSUs vested on July 31, 2023. The remaining 2022 PSUs will vest as follows - 25% will vest on July 31, 2024, and 25% will vest on July 31, 2025, in each case subject to continued employment through the applicable vesting date. |
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 obligations associated with the vesting of 187,852 previously granted on July 26, 2022. |
F4 | Each 2022 PSU represents a contingent right to receive up to two (2) shares of Tilray Common Stock depending upon the target level achieved with respect to the pre-established performance parameters relating to the HEXO transaction. |