Buggy Shannon 4

What Happened

Shannon Buggy, Senior Vice President & Global Head of People at Cronos Group Inc. (CRON), converted/settled RSUs into common shares on March 8, 2026. She converted 46,526 RSUs into shares (recorded at $0.00 per share), of which 23,444 shares were withheld/disposed to cover tax liabilities at $2.57 per share (total value of withheld shares = $60,251). Net shares received from the conversion were about 23,082 shares. On March 9, 2026 she was also granted 48,638 new RSUs (vesting over three years).

Key Details

• Transaction dates: March 8–9, 2026; filing date: March 10, 2026 (appears timely).
• Conversion (code M): 46,526 RSUs converted to common shares at $0.00.
• Tax withholding (code F): 23,444 shares withheld/disposed at $2.57 per share for $60,251 total.
• Net new shares received from the conversion: ~23,082 shares.
• New grant: 48,638 RSUs granted on March 9, 2026 (vest in three substantially equal annual installments; see footnote F4).
• Relevant footnotes: F1 explains each RSU converts to one common share; F2/F3 note prior RSU grants on March 8, 2024 (63,451 and 76,142 RSUs, each vesting over three years).
• Shares owned after the transaction are not specified in the filing.

Context

RSU conversions and share withholding to satisfy tax obligations are routine executive compensation mechanics and do not necessarily signal a bullish or bearish view. The withholding here is effectively a net settlement (company retains shares to cover taxes) rather than an open-market sale. New RSU grants vest over time, aligning with retention incentives.