Cronos Group Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Item 5. Other Information
Rule 10b5-1 Trading Plans
Securities Trading Plans of Directors and Executive Officers
During the three months ended March 31, 2025, no directors or executive officers entered into, modified orterminated, contracts, instructions or written plans for the sale or purchase of the Company’s securities that were intended to satisfy the affirmative defense conditions of Rule 10b5-1 or that constituted non-Rule 10b5-1 trading arrangements (as defined in Item 408(c) of Regulation S-K).
Certain of our officers or directors have made, and may from time to time make, elections to have shares withheld to cover withholding taxes or pay the exercise price of options, which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5–1 trading arrangements (as defined in Item 408(c) of Regulation S-K).
Buggy Appointment
Effective as of May 6, 2025, Shannon Buggy’s title was changed from Senior Vice President, Global Head of People to Senior Vice President, Global Head of People and Technology. In connection with the foregoing, Ms. Buggy’s annual base salary increased to $330,000, her annual target bonus opportunity under the Company’s short-term incentive compensation plan increased to 60% of her base salary; and her target annual long-term incentive compensation opportunity increased to 75% of her base salary. All other terms and conditions of Ms. Buggy’s employment remained the same. Ms. Buggy will also receive a one-time award of restricted stock units, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date, in the amount of $122,500 to be granted during the Company’s next open trading window, expected to commence on or about May 9, 2025.
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