Verano Holdings (VRNO) VP logs RSU grants, exercises and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verano Holdings Corp. VP and Corporate Controller Josh Heine reported compensation-related equity activity involving restricted stock units and common shares. He exercised derivative awards into 9,659 shares of common stock and the company withheld 2,831 shares at $1.17 per share to cover tax obligations, which the filing states does not represent a sale. Following the tax withholding disposition, he directly holds 10,950 common shares. He also received a new grant of 67,948 restricted stock units that each represent a contingent right to one common share, along with additional RSU vesting and settlements on June 1, 2026 under the company’s Stock and Incentive Plan. These transactions reflect equity compensation, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,659 shares exercised/converted
Mixed
5 txns
Insider
Heine Josh
Role
VP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,816 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,843 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 67,948 | $0.00 | -- |
| Exercise | Common Stock, par value $0.001 | 9,659 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.001 | 2,831 | $1.17 | $3K |
Holdings After Transaction:
Restricted Stock Units — 26,165 shares (Direct, null);
Common Stock, par value $0.001 — 13,781 shares (Direct, null)
Footnotes (1)
- This transaction represents the settlement of vested restricted stock units into Common Stock, par value $0.001. 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. 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. The restricted stock units disposed in this transaction settled on June 1, 2026. 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. The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2026. 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: 2,831 shares at $1.17
Options/RSUs exercised: 9,659 shares
New RSU grant: 67,948 units
+3 more
6 metrics
Tax-withheld shares
2,831 shares at $1.17
Shares withheld to satisfy income tax obligations on June 1, 2026
Options/RSUs exercised
9,659 shares
Common stock acquired via derivative exercise/conversion on June 1, 2026
New RSU grant
67,948 units
RSUs granted June 1, 2026 under Stock and Incentive Plan
Common shares held
10,950 shares
Direct common stock ownership after tax withholding transaction
RSU vesting schedule (2024 grant)
4 x 25%
Vests 25% on June 1, 2025; Dec 1, 2025; June 1, 2026; Dec 1, 2026
RSU vesting schedule (2025 grant)
3 x ~33.33%
Vests 33.33% on June 1, 2026 and 2027, 33.34% on June 1, 2028
Key Terms
Restricted Stock Units, Stock and Incentive Plan, tax withholding, derivative security, +1 more
5 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"
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
"transaction_code_description": "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.
contingent right financial
"Each restricted stock unit reflects a contingent right to receive one share of Common Stock"
