Cronos Group (CRON) growth chief vests RSUs and ends with 484,681 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cronos Group Inc.’s Chief Growth Officer Jeffrey David Jacobson exercised restricted stock units into common shares as part of his equity compensation. He converted 59,191 RSUs into 59,191 common shares at a stated price of $0.00 per share, increasing his direct common share holdings.
To cover tax obligations related to this vesting, 22,552 common shares were withheld at $2.50 per share in a tax-withholding disposition, which is not an open-market sale. After these transactions, Jacobson directly owns 484,681 common shares. The RSUs come from a 177,573-unit grant awarded on March 15, 2023, vesting in three substantially equal annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,191 shares exercised/converted
Mixed
3 txns
Insider
JACOBSON JEFFREY DAVID
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 59,191 | $0.00 | -- |
| Exercise | COMMON SHARES | 59,191 | $0.00 | -- |
| Tax Withholding | COMMON SHARES | 22,552 | $2.50 | $56K |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 335,475 shares (Direct);
COMMON SHARES — 507,233 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc. On March 15, 2023, the Reporting Person was granted 177,573 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 Jeffrey David Jacobson?
Cronos Group reported that Chief Growth Officer Jeffrey David Jacobson exercised 59,191 restricted stock units into common shares. The transaction reflects routine equity compensation vesting rather than an open-market share purchase or sale, based on the Form 4 details.
What was the tax-withholding component in the Cronos Group (CRON) Form 4 for Jeffrey Jacobson?
The Form 4 shows a tax-withholding disposition of 22,552 Cronos Group common shares at $2.50 per share. These shares were surrendered to cover tax liabilities from the RSU vesting, rather than sold in the open market, according to the transaction code F description.
What are the key terms of Jeffrey Jacobson’s Cronos Group (CRON) RSU grant?
Jacobson received a grant of 177,573 restricted stock units on March 15, 2023. The RSUs vest in three substantially equal annual installments, giving him the contingent right to receive one Cronos Group common share for each RSU as they vest.
Was Jeffrey Jacobson’s Cronos Group (CRON) Form 4 transaction an open-market stock sale?
The Form 4 does not report an open-market sale by Jeffrey Jacobson. Instead, it shows RSU exercises into common shares and a tax-withholding disposition coded F, where shares were delivered to satisfy tax obligations tied to the vesting event.