0001171843-23-004906.txt : 20230802
0001171843-23-004906.hdr.sgml : 20230802
20230802163217
ACCESSION NUMBER: 0001171843-23-004906
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230731
FILED AS OF DATE: 20230802
DATE AS OF CHANGE: 20230802
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Merton Carl A
CENTRAL INDEX KEY: 0001860546
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38594
FILM NUMBER: 231136254
MAIL ADDRESS:
STREET 1: C/O TILRAY, INC.
STREET 2: 745 FIFTH AVENUE, SUITE 1602
CITY: NEW YORK
STATE: NY
ZIP: 10151
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Tilray Brands, Inc.
CENTRAL INDEX KEY: 0001731348
STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
IRS NUMBER: 824310622
FISCAL YEAR END: 0531
BUSINESS ADDRESS:
STREET 1: 655 MADISON AVENUE
STREET 2: 19TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10065
BUSINESS PHONE: 519.322.8800
MAIL ADDRESS:
STREET 1: 655 MADISON AVENUE
STREET 2: 19TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10065
FORMER COMPANY:
FORMER CONFORMED NAME: Tilray, Inc.
DATE OF NAME CHANGE: 20180213
4
1
ownership.xml
X0508
4
2023-07-31
0
0001731348
Tilray Brands, Inc.
TLRY
0001860546
Merton Carl A
C/O TILRAY BRANDS, INC.
265 TALBOT STREET WEST
LEAMINGTON
A6
N8H 4H3
ONTARIO, CANADA
0
1
0
0
Chief Financial Officer
0
Common Stock
2023-07-31
4
M
0
187852
2.53
A
524552
D
Common Stock
2023-07-31
4
F
0
94227
2.53
D
430325
D
Performance-Based Restricted Stock Units ("2022 PSUs")
2023-07-31
4
M
0
93926
0
D
Common Stock
93926
93927
D
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.
Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested PSUs.
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.
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.
/s/ Carl Merton
2023-08-02