Weigensberg Arye 4
Research Summary
AI-generated summary
Cronos (CRON) SVP Arye Weigensberg Converts RSUs, Receives New RSUs
What Happened
Arye Weigensberg, Senior Vice President and Head of Research & Development at Cronos Group (CRON), had 24,236 restricted stock units (RSUs) convert to common shares on March 15, 2026 (reported as an exercise/conversion of a derivative, code M) at $0.00 per share. No cash was exchanged. On March 16, 2026, Weigensberg was granted 12,245 new RSUs (code A) at $0.00 that will vest in future installments.
Key Details
- Transaction types: M = exercise/conversion of derivative (24,236 RSUs converted on 2026-03-15); A = grant/award (12,245 RSUs granted on 2026-03-16).
- Reported prices: $0.00 per share for both conversion and grant (typical for RSU vesting/grants).
- Footnotes: F1 — each RSU is a contingent right to one common share. F2 — the 24,236 conversion matches one tranche from a 72,709 RSU grant made on 2023-03-15 that vests in three substantially equal annual installments. F3 — the 12,245 RSU grant vests in three substantially equal annual installments beginning on 2027-03-16.
- Shares owned after transaction: Not specified in the provided filing summary.
- Filing timeliness: Report filed 2026-03-17 for a reportable event on 2026-03-15 — appears timely (Form 4s are generally due within two business days).
Context
RSU conversions are typically routine compensation events: vested RSUs convert into shares (no purchase/sale) and new RSU grants are future compensation. The filing shows no sale or open-market purchase and no cashless exercise; the "disposed" derivative entry reflects the RSU ceasing to exist upon conversion, not an active sale. These transactions are informational for shareholders but do not by themselves signal a buy/sell decision by the insider.