Tilray director awarded 62,657 RSUs, 43,104 shares vest
Tilray Brands director Thomas P. Looney reported equity compensation activity.
Rhea-AI Filing Summary
Tilray Brands director Thomas P. Looney reported equity compensation activity. On July 30, 2026 he received a grant of 62,657 restricted stock units, each representing one share of common stock, scheduled to vest in one year subject to continued service.
On July 29, 2026, 43,104 RSUs vested and were converted into the same number of Tilray common shares, bringing his direct beneficial ownership to 397,520 shares, excluding unvested RSUs. All share and RSU amounts reflect Tilray’s 1-for-10 reverse stock split effective December 2, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
43,104 shares exercised/converted
Exercise
3 txns
Insider
Looney Thomas P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F4, F5 | 62,657 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F4, F2, F5 | 43,104 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2, F3 | 43,104 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 62,657 contracts (Direct);
Common Stock — 397,520 shares (Direct)
Footnotes (5)
- F1. On July 29, 2026, a total of 43,104 restricted stock units ("RSUs") vested. Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
- F2. Effective December 2, 2025, Tilray implemented a 1-for-10 reverse stock split (the "Reverse Stock Split") of its outstanding shares of Common Stock. All RSUs and listed securities amounts have been adjusted to reflect the Reverse Stock Split.
- F3. Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs.
- F4. Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Common Stock.
- F5. Subject to the reporting person's continuous service, the restricted stock units shall vest one year from the date of grant, with accelerated vesting solely upon death or disability prior to such date. In the event of a voluntary resignation by the reporting person prior to the vesting date, all restricted stock units will be forfeited.
Key Figures
RSUs granted: 62,657 units
RSUs vested: 43,104 units
Common shares issued on vesting: 43,104 shares
+3 more
6 metrics
RSUs granted
62,657 units
Restricted stock units granted to Thomas P. Looney on July 30, 2026
RSUs vested
43,104 units
Restricted stock units that vested on July 29, 2026
Common shares issued on vesting
43,104 shares
Common stock received upon conversion of vested RSUs on July 29, 2026
Direct common stock ownership
397,520 shares
Shares beneficially owned by Thomas P. Looney after the July 29, 2026 transactions
Reverse stock split ratio
1-for-10
Tilray reverse stock split of common stock effective December 2, 2025
RSU vesting period
1 year
New RSU grant vests one year from the grant date, subject to continuous service
Key Terms
Restricted Stock Units, reverse stock split, beneficially owned, accelerated vesting
4 terms
Restricted Stock Units financial
"Security title is listed as Restricted Stock Units for equity awards."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
reverse stock split financial
"Tilray implemented a 1-for-10 reverse stock split of its outstanding shares."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
beneficially owned financial
"Amount includes shares of Common Stock beneficially owned by the reporting person."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
accelerated vesting financial
"RSUs shall vest one year from grant, with accelerated vesting upon death or disability."
A contract feature that makes stock awards, options, or restricted shares become owned or exercisable earlier than the original schedule. It shortens or cancels the waiting period so recipients can sell, transfer, or exercise their equity sooner — think of a timed lock that is unlocked ahead of schedule. It matters to investors because it changes when shares enter the market, who controls them, and how much dilution or ownership concentration happens.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Tilray (TLRY) director Thomas P. Looney receive in this Form 4?
Thomas P. Looney received a grant of 62,657 restricted stock units on July 30, 2026. Each RSU represents one share of Tilray common stock and is scheduled to vest after one year of continuous service, with certain accelerated vesting on death or disability.
How many Tilray (TLRY) RSUs vested for Thomas P. Looney on July 29, 2026?
On July 29, 2026, 43,104 restricted stock units vested for Thomas P. Looney. Each RSU represents a contingent right to receive one share of Tilray common stock, so 43,104 common shares were issued upon this vesting event.
What is Thomas P. Looney’s Tilray (TLRY) common stock ownership after these transactions?
After the July 29, 2026 vesting, Thomas P. Looney directly beneficially owned 397,520 shares of Tilray common stock. This figure specifically excludes any unvested RSUs, which are not counted in the reported beneficial ownership total.
Did the Tilray (TLRY) Form 4 report any open-market stock sales by Thomas P. Looney?
No. The Form 4 lists an RSU vesting and a new RSU grant, plus the related share issuance, but shows no transactions with an “S” (sale) code. The activity reflects compensation-related equity movements, not open-market share sales.
What are the vesting conditions for the 62,657 Tilray (TLRY) RSUs granted to Thomas P. Looney?
The 62,657 RSUs vest one year from the grant date if Thomas P. Looney remains in continuous service. Vesting accelerates solely upon death or disability; if he voluntarily resigns before the vesting date, all of these RSUs will be forfeited.
AI-generated analysis. How Rhea-AI works. Not financial advice.
