SNDL Inc
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 21, 2024
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Contents
EX-99.2 · Share-based compensation
Share-based compensation
The Company has a number of share-based compensation plans which include simple and performance warrants, stock options, RSUs and DSUs. Subsequent to the Company’s initial public offering, the Company established the stock option, RSU and DSU plans to replace the granting of simple warrants and performance warrants.
The components of share-based compensation expense are as follows:
| 2023 | 2022 | |
|---|---|---|
| Equity-settled expense | ||
| Simple warrants (A) | (332) | 1,299 |
| Stock options (B) | (1) | 78 |
| Restricted share units (1) (C) | 13,350 | 9,423 |
| Cash-settled expense | ||
| Deferred share units (1)(2) (D) | 2,383 | (1,129) |
| 15,400 | 9,671 | |
(1)
For the year ended December 31, 2023, the Company recognized share-based compensation expense under Nova’s RSU plan of $34 (2022 — recovery of $107) and share-based compensation expense under Nova’s DSU plan of $768 (2022 — $404).
(2)
Cash-settled DSUs are accounted for as a liability and are measured at fair value based on the market value of the Company’s common shares at each reporting period. Fluctuations in the fair value are recognized during the period in which they occur.
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