Cronos Group (CRON) officer exercises RSUs and withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cronos Group Inc. officer Buggy Shannon reported routine equity compensation activity involving restricted stock units (RSUs). On May 12, 2026, Shannon exercised RSUs to acquire 20,622 common shares, shown as a derivative exercise/conversion at a stated price of $0.00 per share.
To cover tax obligations, 9,179 common shares were disposed of through a tax-withholding transaction at $2.75 per share, rather than through an open-market sale. After these transactions, Shannon directly held 178,322 common shares of Cronos Group Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,622 shares exercised/converted
Mixed
3 txns
Insider
Buggy Shannon
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 20,622 | $0.00 | -- |
| Exercise | COMMON SHARES | 20,622 | $0.00 | -- |
| Tax Withholding | COMMON SHARES | 9,179 | $2.75 | $25K |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 180,284 shares (Direct, null);
COMMON SHARES — 187,501 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc. On May 12, 2025, the reporting person was granted 61,868 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
Key Figures
RSUs exercised: 20,622 shares
Tax-withholding shares: 9,179 shares
Tax-withholding price: $2.75 per share
+3 more
6 metrics
RSUs exercised
20,622 shares
Restricted stock units converted into common shares on May 12, 2026
Tax-withholding shares
9,179 shares
Common shares disposed of to satisfy tax liability at $2.75/share
Tax-withholding price
$2.75 per share
Price used for tax-withholding disposition of 9,179 common shares
Shares after transactions
178,322 common shares
Direct common share holdings following reported Form 4 transactions
Derivative exercise count
1 transaction, 20,622 shares
Exercise or conversion of derivative security (RSUs) into common shares
Tax-withholding events
1 transaction, 9,179 shares
Payment of tax liability by delivering securities
Key Terms
restricted stock unit, tax-withholding disposition, derivative exercise/conversion, restricted stock units (RSUs)
4 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 9,179 common shares at $2.75 per share"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for 20,622 RSUs into common shares"
restricted stock units (RSUs) financial
"On May 12, 2025, the reporting person was granted 61,868 RSUs, vesting in three substantially equal annual installments"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
FAQ
What did Cronos Group (CRON) officer Buggy Shannon report in this Form 4?
Buggy Shannon reported routine equity compensation activity involving restricted stock units. RSUs were exercised into common shares, and a portion of those shares was used to satisfy tax obligations through a tax-withholding disposition, rather than an open-market sale.
How do restricted stock units (RSUs) work for Cronos Group (CRON) insiders?
Each restricted stock unit represents a contingent right to receive one common share of Cronos Group Inc. RSUs typically vest over time, and upon vesting, they convert into common shares, often accompanied by share withholding to cover associated tax liabilities.