Form 4: Verano Holdings CFO Settles Restricted Stock Units for Class A Shares

Brett Andrew Summerer, CFO of Verano Holdings Corp., settled vested restricted stock units into Class A Subordinate Voting Shares on March 7, 2025.

Summary

• On March 7, 2025, Brett Andrew Summerer, the Chief Financial Officer of Verano Holdings Corp., settled vested restricted stock units into Class A Subordinate Voting Shares.
• The transaction involved the settlement of 85,911 restricted stock units.
• 56,185 Class A Subordinate Voting Shares were issued as a result of the settlement.
• The restricted stock units were granted on June 1, 2023, under the Verano Holdings Corp. Stock and Incentive Plan.
• The units vested 25% on June 1, 2024, and December 1, 2024, with the remaining vesting scheduled for June 1, 2025, and December 1, 2025.
• A portion of the settled shares (56,185) were net-settled to cover tax withholding obligations.
• Following the transaction, Summerer directly owns 284,908 Class A Subordinate Voting Shares.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction related to equity compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the holdings of key personnel.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates