Wagner Adam 4
Research Summary
AI-generated summary
Cronos (CRON) General Manager Adam Wagner Converts 10,367 RSUs
What Happened
- Adam Wagner, General Manager, Cronos Israel, reported the conversion/exercise of 10,367 RSUs into common shares of Cronos Group Inc. on May 12, 2026 (transaction code M) at an effective price of $0.00. The filing also shows a same-day disposition of 10,367 shares at $0.00 (reported as a derivative disposition).
- This transaction reflects vesting and settlement activity rather than an open‑market purchase or sale for cash; no cash value was reported for the acquired or disposed shares.
Key Details
- Transaction date(s) and prices: May 12, 2026 — 10,367 shares acquired @ $0.00 (conversion/exercise); 10,367 shares disposed @ $0.00 (derivative disposition).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Notable footnotes: F1 clarifies each RSU equals a contingent right to one common share. F2 states Wagner was granted 31,102 RSUs on May 12, 2025, vesting in three roughly equal annual installments (10,367 shares per installment).
- Filing timeliness: Report filed May 14, 2026 for a May 12, 2026 transaction (within the standard two-business-day window).
Context
- Code M indicates an exercise or conversion of a derivative (here, RSUs converting into common shares). The identical same-day disposition at $0.00 is consistent with a net settlement or shares being surrendered (often to satisfy taxes or company withholding), although the Form 4 does not specify the reason.
- These movements appear administrative (vesting/settlement) rather than a market purchase or sale that would signal a trading view.