Verano officer nets shares via RSU settlements
Verano Holdings Corp. officer James Angelo Leventis reported routine equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
Verano Holdings Corp. officer James Angelo Leventis reported routine equity compensation activity involving restricted stock units and common shares. On June 1, 2026, he exercised derivatives to acquire 24,126 shares of common stock and received a grant of 243,055 restricted stock units under the company’s Stock and Incentive Plan.
In connection with the net settlement of vested restricted stock units, 7,070 shares of common stock were withheld by Verano at $1.17 per share to cover income tax obligations, which the filing states does not represent an open-market sale. Following these transactions, Leventis directly holds 172,277 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
24,126 shares exercised/converted
Exercise
5 txns
Insider
Leventis James Angelo
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,021 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 13,105 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 243,055 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 | 24,126 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 7,070 | $1.17 | $8K |
Holdings After Transaction:
Restricted Stock Units — 280,291 contracts (Direct);
Common Stock, par value $0.001 — 172,277 shares (Direct)
Footnotes (7)
- F1. This transaction represents the settlement of vested restricted stock units into Common Stock, par value $0.001.
- F2. Represents the number of shares of Common Stock, par value $0.001 that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
- F3. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2025, December 1, 2025 and June 1, 2026 and thereafter will vest 25% on December 1, 2026.
- F4. The restricted stock units disposed in this transaction settled on June 1, 2026.
- F5. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2025. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 33.33% on June 1, 2026, and thereafter will vest 33.33% on June 1, 2027 and 33.34% on June 1, 2028.
- F6. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2026.
- F7. Each restricted stock unit reflects a contingent right to receive one share of Common Stock and will vest 33.33% on June 1, 2027, 33.33% on June 1, 2028 and 33.34% on June 1, 2029.
Key Figures
Tax-withheld shares: 7,070 shares at $1.17
Option/derivative exercise: 24,126 shares
New RSU grant: 243,055 RSUs
+1 more
4 metrics
Tax-withheld shares
7,070 shares at $1.17
Shares withheld to cover income tax on RSU settlement
Option/derivative exercise
24,126 shares
Common stock acquired via derivative exercise on June 1, 2026
New RSU grant
243,055 RSUs
Restricted stock units granted June 1, 2026 under Stock and Incentive Plan
Post-transaction holdings
179,347 shares
Common stock directly owned after June 1, 2026 transactions
Key Terms
Restricted Stock Units, Stock and Incentive Plan, tax withholding, derivative security
4 terms
Restricted Stock Units financial
"The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024."
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 and Incentive Plan financial
"The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024."
tax withholding financial
"have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Verano Holdings (VRNO) report for James Angelo Leventis?
Verano reported that officer James Angelo Leventis exercised derivatives to receive 24,126 common shares and was granted 243,055 restricted stock units. These actions reflect equity compensation events rather than open-market stock purchases or sales.
What restricted stock unit grants did Verano Holdings (VRNO) report for Leventis?
Leventis received a grant of 243,055 restricted stock units on June 1, 2026 under the Verano Holdings Corp. Stock and Incentive Plan. Each unit represents a contingent right to receive one share of common stock, vesting in scheduled future installments.
How were Verano Holdings (VRNO) restricted stock units for Leventis structured and vested?
Footnotes describe RSUs granted on June 1, 2024 and June 1, 2025, each unit equal to one common share. The 2024 grant vests in four 25% installments, while the 2025 grant vests in three tranches of roughly 33.33% each through 2028.
What is the economic significance of the $1.17 price in the Verano (VRNO) Form 4?
The $1.17 per share figure is the value used for 7,070 shares withheld to cover income tax obligations on vested restricted stock units. It is not a reported open-market trade price, but the basis for the tax-withholding calculation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
