Cronos growth chief exercises 59,191 RSUs
Cronos Group Inc.’s Chief Growth Officer Jeffrey David Jacobson exercised restricted stock units into common shares as part of his equity compensation.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 59,191 | $0.00 | $0.00 |
| Exercise | COMMON SHARES | 59,191 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON SHARES | 22,552 | $2.50 | $56K |
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc.
- F2. 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
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What insider transaction did Cronos Group (CRON) report for Jeffrey David Jacobson?
What was the tax-withholding component in the Cronos Group (CRON) Form 4 for Jeffrey Jacobson?
What are the key terms of Jeffrey Jacobson’s Cronos Group (CRON) RSU grant?
Was Jeffrey Jacobson’s Cronos Group (CRON) Form 4 transaction an open-market stock sale?
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