Equity awards for Vireo Growth (VREOF) director include RSUs and stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vireo Growth Inc. director Judd Theodore Nordquist reported equity compensation awards consisting of restricted stock units and stock options tied to subordinate voting shares. On May 15, 2026, he received multiple grants that increase his potential future ownership if vesting conditions are met.
The awards include restricted stock units that each represent a contingent right to receive one subordinate voting share, plus stock options with an exercise price of $0.424 per share. Both RSUs and options vest in roughly one-third increments on the grant date, on March 31, 2027, and on March 31, 2028, with options expiring on May 14, 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Nordquist Judd Theodore
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options (right to buy) | 115,506 | $0.00 | -- |
| Grant/Award | Restricted stock units | 96,859 | $0.00 | -- |
| Grant/Award | Stock options (right to buy) | 95,310 | $0.00 | -- |
| Grant/Award | Restricted stock units | 80,000 | $0.00 | -- |
Holdings After Transaction:
Stock options (right to buy) — 115,506 shares (Direct, null);
Restricted stock units — 96,859 shares (Direct, null)
Footnotes (1)
- Each stock option vests on the following schedule: one-third (1/3) of the options vest on the grant date, one-third (1/3) vest on March 31, 2027 and the remaining one-third (1/3) vest on March 31, 2028. Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share. The RSUs vest on the following schedule: one-third (1/3) of the RSUs vest on the grant date, one-third (1/3) vest on March 31, 2027 and the remaining one-third (1/3) vest on March 31, 2028. Vested RSUs settle in cash, subordinate voting shares, or a combination of both as soon as practicable (but not more than 30 days) following the date upon which the RSUs become vested. Each stock option vests in equal annual tranches over a three-year period commencing on the date of grant.
Key Figures
RSU grant 1: 80,000 units
Stock options grant 1: 95,310 options
RSU grant 2: 96,859 units
+5 more
8 metrics
RSU grant 1
80,000 units
Restricted stock units granted May 15, 2026
Stock options grant 1
95,310 options
Options granted May 15, 2026 at $0.424 exercise price
RSU grant 2
96,859 units
Restricted stock units granted May 15, 2026
Stock options grant 2
115,506 options
Options granted May 15, 2026 at $0.424 exercise price
Option exercise price
$0.424/share
Exercise price for stock options granted May 15, 2026
Option expiration
May 14, 2036
Expiration date for stock options granted
RSU vesting dates
Grant date, Mar 31 2027, Mar 31 2028
Three-step vesting schedule for RSUs
Option vesting period
3 years
Options vest in equal annual tranches over three years
Key Terms
Restricted stock units, Stock options (right to buy), Subordinate voting shares, vest, +1 more
5 terms
Restricted stock units financial
"Restricted stock units represent a contingent right to receive one subordinate voting share."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock options (right to buy) financial
"Stock options (right to buy) are granted with an exercise price of $0.424 per share."
vest financial
"The awards vest in one-third increments on the grant date, March 31, 2027, and March 31, 2028."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one subordinate voting share."
FAQ
What equity awards did Vireo Growth (VREOF) director Judd Nordquist receive?
Director Judd Nordquist received grants of restricted stock units and stock options tied to subordinate voting shares. These awards provide potential future share ownership, subject to vesting schedules and, for options, payment of the stated exercise price per share.
How many restricted stock units were granted to the VREOF director?
The director received grants of 80,000 and 96,859 restricted stock units. Each RSU represents a contingent right to receive one subordinate voting share, depending on vesting and settlement terms described in the award documentation and summarized in the Form 4 footnotes.
What stock options were granted in this Vireo Growth Form 4 filing?
The filing shows grants of 95,310 and 115,506 stock options, each exercisable for subordinate voting shares. These options carry a stated exercise price of $0.424 per share and expire on May 14, 2036, subject to the vesting schedule outlined in the footnotes.
What is the vesting schedule for the VREOF restricted stock units?
The restricted stock units vest one-third on the grant date, one-third on March 31, 2027, and the remaining one-third on March 31, 2028. Once vested, RSUs settle in cash, subordinate voting shares, or a combination, within a stated timeframe following vesting.
How do the Vireo Growth stock options for the director vest over time?
Each stock option grant vests in equal annual tranches over a three-year period beginning on the date of grant. This means portions of the options become exercisable each year, aligning the director’s potential share ownership with continued service or other conditions.