Verano Holdings CPO settles RSUs, withholds shares
Verano Holdings Corp.'s Chief People Officer Destiny Lynn Thompson settled vested restricted stock units into 87,647 shares of common stock on December 1, 2025.
Rhea-AI Filing Summary
Verano Holdings Corp.'s Chief People Officer Destiny Lynn Thompson settled vested restricted stock units into 87,647 shares of common stock on December 1, 2025. 25,682 shares were withheld at $0.91 to cover taxes and are not a sale. She now holds 264,232 common shares and 131,754 restricted stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
87,647 shares exercised/converted
Exercise
4 txns
Insider
Thompson Destiny Lynn
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 65,507 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 22,140 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 | 87,647 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.001 | 25,682 | $0.91 | $23K |
Holdings After Transaction:
Restricted Stock Units — 131,754 contracts (Direct);
Common Stock, par value $0.001 — 264,232 shares (Direct)
Footnotes (5)
- 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 disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2023. 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, 2024, December 1, 2024, June 1, 2025 and December 1, 2025.
- F4. The restricted stock units disposed in this transaction settled on December 1, 2025.
- F5. 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 June 1, 2025, and December 1, 2025 and thereafter will vest 25% on each of June 1, 2026 and December 1, 2026.
Key Figures
RSU settlement shares: 87,647 shares
Tax-withheld shares: 25,682 shares
Tax withholding price: $0.9100 per share
+3 more
6 metrics
RSU settlement shares
87,647 shares
Common stock issued upon restricted stock unit settlement on December 1, 2025
Tax-withheld shares
25,682 shares
Shares of common stock withheld to satisfy income tax obligations at settlement
Tax withholding price
$0.9100 per share
Per-share value used for the tax-withholding disposition of 25,682 shares
Post-transaction common stock holding
264,232 shares
Directly held common stock after RSU settlement and tax withholding
Post-transaction RSU holding
131,754 units
Directly held restricted stock units after the reported transactions
RSU grant dates
June 1, 2023 and June 1, 2024
Dates RSUs were granted under Verano Holdings Corp. Stock and Incentive Plan
Key Terms
Restricted Stock Units, Stock and Incentive Plan, net settlement, income tax withholding
4 terms
Restricted Stock Units financial
"This transaction represents the settlement of vested restricted stock units into Common Stock"
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 financial
"in connection with the net settlement of the restricted stock units"
income tax withholding financial
"to satisfy its income tax withholding and remittance obligations"
FAQ
What insider transaction did Verano Holdings (VRNO) report for Destiny Lynn Thompson?
Destiny Lynn Thompson settled vested restricted stock units into common stock for Verano Holdings. On December 1, 2025, she converted 87,647 RSU-linked shares into common stock and had a portion withheld for taxes, reflecting routine equity compensation activity rather than discretionary market trading.
What are Destiny Lynn Thompson's holdings after the reported VRNO transactions?
After these transactions, Destiny Lynn Thompson directly holds 264,232 shares of common stock and 131,754 restricted stock units. These canonical post-transaction holdings reflect her remaining equity position in Verano Holdings following the RSU settlement and tax-withholding share disposition.
Were Destiny Lynn Thompson's reported VRNO transactions market sales of stock?
No. The filing specifies 25,682 shares were withheld for taxes in connection with RSU settlement and do not represent a sale. The other movements are RSU exercises and conversions into common stock under the Stock and Incentive Plan, not open-market sales.
When were the RSUs in Verano Holdings (VRNO) Form 4 granted and how do they vest?
The RSUs were granted on June 1, 2023 and June 1, 2024 under Verano’s Stock and Incentive Plan. Each grant vests 25% in a series of dates from 2024 through 2026, with the disposed units settling on December 1, 2025 as disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
