Verano Holdings (VRNO) COO settles RSUs, reports grant
Rhea-AI Filing Summary
Verano Holdings Corp. reports that Chief Operating Officer Edward McDermott III settled restricted stock units on June 1, 2026, converting 59,186 units into common shares, with 17,017 shares withheld to satisfy tax obligations. He also received a grant of 299,145 new restricted stock units under the Stock and Incentive Plan, which vest in stages through 2029. After these equity changes, he directly holds 312,326 common shares and 391,983 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 42,169 shares
Net Buy
5 txns
Insider
McDermott Edward Aloysious III
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,546 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 33,640 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 299,145 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 | 59,186 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 17,017 | $1.17 | $20K |
Holdings After Transaction:
Restricted Stock Units — 391,983 shares (Direct);
Common Stock, par value $0.001 — 312,326 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
Common shares from RSU settlement: 59,186 shares
Shares withheld for taxes: 17,017 shares
New RSU grant: 299,145 units
+3 more
6 metrics
Common shares from RSU settlement
59,186 shares
Restricted stock units settled into common stock on June 1, 2026
Shares withheld for taxes
17,017 shares
Common shares withheld to satisfy income tax obligations
New RSU grant
299,145 units
Restricted stock units granted under the Stock and Incentive Plan
Tax withholding price
$1.1700 per share
Value applied to shares withheld for tax remittance
Post-transaction common stock holding
312,326 shares
Direct common stock position after reported transactions
Post-transaction RSU holding
391,983 units
Direct restricted stock unit position after grant and settlements
Key Terms
Restricted Stock Units, Stock and Incentive Plan, net settlement of the restricted stock units
3 terms
Restricted Stock Units financial
"Restricted Stock Units were granted under the Verano Holdings Corp. Stock and Incentive Plan"
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"
net settlement of the restricted stock units financial
"in connection with the net settlement of the restricted stock units and does not represent a sale"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Verano (VRNO) COO Edward McDermott report in this Form 4?
Edward McDermott III reported settling restricted stock units into 59,186 common shares, withholding 17,017 shares for taxes, and receiving a grant of 299,145 new RSUs under Verano’s Stock and Incentive Plan.
What is Edward McDermott’s RSU position in Verano (VRNO) after the filing?
Post-transaction, Edward McDermott III directly holds 391,983 restricted stock units, reflecting previously granted awards plus the new 299,145-unit grant that vests in stages through 2029.
How were taxes handled on the Verano (VRNO) COO’s RSU settlement?
In connection with the RSU settlement, 17,017 common shares were withheld at $1.1700 per share to satisfy income tax withholding and remittance obligations, characterized as a tax-withholding disposition rather than a market sale.
What are the key terms of the new RSU grant to Verano (VRNO) COO?
The new award comprises 299,145 restricted stock units granted under Verano’s Stock and Incentive Plan. Footnotes state these RSUs vest in three tranches over 2027, 2028 and 2029, each unit representing one common share upon settlement.