Form 4: Verano Holdings CFO Settles Vested Restricted Stock Units
SEC Form 4
Brett Andrew Summerer, CFO of Verano Holdings Corp., settled vested restricted stock units into Class A Subordinate Voting Shares on June 3, 2024.
Summary
- On June 3, 2024, Brett Andrew Summerer, the Chief Financial Officer of Verano Holdings Corp., settled vested restricted stock units into Class A Subordinate Voting Shares.
- The transactions involved the settlement of restricted stock units granted under the Verano Holdings Corp. Stock and Incentive Plan on February 16, 2022, June 23, 2022, and June 1, 2023.
- A total of 123,322 Class A Subordinate Voting Shares were acquired at a price of $0 per share.
- Following the reported transactions, Summerer directly owns 169,421 Class A Subordinate Voting Shares.
- Summerer also holds 486,671, 471,700 and 385,790 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the transactions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in the number of outstanding shares, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Restricted stock units granted under the Verano Holdings Corp. Stock and Incentive Plan. |
| June 23, 2022 | Restricted stock units granted under the Verano Holdings Corp. Stock and Incentive Plan. |
| June 1, 2023 | Restricted stock units granted under the Verano Holdings Corp. Stock and Incentive Plan. |
| June 3, 2024 | Settlement of vested restricted stock units into Class A Subordinate Voting Shares. |
| June 5, 2024 | Date of signature by Attorney-in-Fact. |
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