Form 4: Verano Holdings Corp. Director Frederick Charles Mueller Reports Acquisition of Restricted Stock Units

Director Frederick Charles Mueller reports acquisition of 15,138 restricted stock units in Verano Holdings Corp.

Summary

• On June 1, 2024, Frederick Charles Mueller, a director of Verano Holdings Corp., acquired 15,138 restricted stock units (RSUs) under the company's Stock and Incentive Plan.
• Each RSU represents a contingent right to receive one Class A Subordinate Voting Share.
• The RSUs vest 25% on each of the 12-, 18-, 24and 30-month anniversaries of the grant date.
• Following the transaction, Mueller directly owns 88,777 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and aligns the director's interests with the company's long-term performance. There are no immediate negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Industry Context

The granting of stock-based compensation is a common practice in the cannabis industry to attract and retain talent, aligning their interests with the company's performance.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded cannabis companies such as Curaleaf, Trulieve, and Green Thumb Industries.
• These companies often use RSUs and stock options to incentivize executives and directors, aligning their interests with shareholder value.

Stakeholder Impact

• The granting of RSUs to a director can positively impact shareholders by aligning management's interests with long-term value creation.

Key Dates