Weigensberg Arye 4
Research Summary
AI-generated summary
Cronos (CRON) SVP Arye Weigensberg Converts RSUs to 26,825 Shares
What Happened
- Arye Weigensberg, Senior Vice President and Head of Research & Development at Cronos Group Inc. (CRON), converted 26,825 derivative units into 26,825 common shares on March 12, 2026. The transaction shows an acquisition of 26,825 shares at $0.00 and a simultaneous disposition of 26,825 derivative units (code M — exercise/conversion). No cash was paid.
Key Details
- Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filed within the typical 2-business-day window).
- Shares acquired: 26,825 common shares; price per share: $0.00 (conversion on vesting).
- Simultaneous disposition: 26,825 derivative units (RSUs) were converted/terminated.
- Footnotes: F1 — each RSU represents a contingent right to receive one common share. F2 — these RSUs were part of an 80,474-RSU grant on 2025-03-12 that vests in three substantially equal annual installments (one installment = ~26,825 RSUs).
- Filing does not state total shares owned after the transaction in the provided summary.
Context
- This was a routine RSU vesting/conversion, not an open-market purchase or sale; the $0.00 price reflects conversion upon vesting rather than a cash exercise. Such transactions typically reflect compensation vesting rather than a market sentiment trade.