Cronos Group (CRON) officer exercises RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cronos Group Inc. reported that company officer Terrence Gregory Joseph Doucet exercised restricted stock units into common shares. On March 12, 2026, he converted 23,809 RSUs into the same number of common shares at a stated price of $0.00 per share.
To cover tax obligations related to this vesting, 12,235 common shares were withheld at a price denominated in Canadian dollars of $3.48 per share, leaving a net increase of 11,574 common shares. Following these transactions, he directly owned 93,569 common shares and 208,305 restricted stock units, with the RSUs originally granted as 71,428 units on March 12, 2025 vesting in three equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,809 shares exercised/converted
Mixed
3 txns
Insider
Doucet Terrence Gregory Joseph
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 23,809 | $0.00 | -- |
| Exercise | COMMON SHARES | 23,809 | $0.00 | -- |
| Tax Withholding | COMMON SHARES | 12,235 | $3.48 | $43K |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 208,305 shares (Direct);
COMMON SHARES — 105,804 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc. The price reported is denominated in Canadian dollars. On March 12, 2025, the Reporting Person was granted 71,428 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transaction did Cronos Group (CRON) report for Terrence Doucet?
Cronos Group reported that officer Terrence Doucet exercised 23,809 restricted stock units into common shares. The RSUs converted on March 12, 2026 at a stated price of $0.00 per share, increasing his direct ownership in Cronos common shares.
What restricted stock unit grant did Cronos Group (CRON) make to Terrence Doucet?
On March 12, 2025, Cronos granted Terrence Doucet 71,428 restricted stock units. These RSUs vest in three substantially equal annual installments, beginning on the first anniversary of the grant date, forming part of his long-term equity compensation.
Does the Cronos Group (CRON) Form 4 show an open-market stock purchase or sale?
The Form 4 shows an RSU exercise and tax-withholding disposition, not an open-market trade. Shares were issued from restricted stock units and a portion was withheld to satisfy tax liabilities, rather than bought or sold on the market.
How many Cronos Group (CRON) RSUs does Terrence Doucet hold after this vesting?
Following the reported RSU settlement, Terrence Doucet held 208,305 restricted stock units. Each RSU represents a contingent right to receive one Cronos common share, subject to the vesting terms of the underlying equity awards.