VRNOF.Verano Holdings CORP

Form 4: Verano Holdings Corp. Executive VP Richard Tarapchak Reports Stock Transactions

Sentiment:

SEC Form 4

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Richard Tarapchak, EVP of Finance at Verano Holdings Corp., reports the settlement of restricted stock units into Class A Subordinate Voting Shares on March 7, 2025.

Summary

  • On March 7, 2025, Richard Tarapchak, the EVP of Finance at Verano Holdings Corp., settled 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.
  • A total of 13,202 Class A Subordinate Voting Shares were issued after the settlement of restricted stock units granted on October 5, 2022, with vesting occurring on the 12-, 18-, 24-, and 30-month anniversaries of July 11, 2022.
  • Additionally, 28,229 Class A Subordinate Voting Shares were issued after the settlement of restricted stock units granted on June 1, 2023, with vesting occurring on June 1, 2024, December 1, 2024, June 1, 2025, and December 1, 2025.
  • The reported transactions resulted in Mr. Tarapchak directly owning 141,361 Class A Subordinate Voting Shares.
  • The settlement of restricted stock units also involved net-settling to satisfy withholding tax obligations.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral 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 into the transactions of company insiders.

Stakeholder Impact

  • The transactions may have a minor dilutive effect on existing shareholders due to the issuance of new shares.

Key Dates

DateDescription
July 11, 2022Date used to calculate vesting anniversaries for restricted stock units granted on October 5, 2022.
October 5, 2022Date of grant for restricted stock units that vested 25% on each of the 12-, 18-, 24and 30-month anniversaries of July 11, 2022.
June 1, 2023Date of grant for restricted stock units that vested 25% on each of June 1, 2024 and December 1, 2024 and will thereafter vest 25% on each of June 1, 2025 and December 1, 2025.
June 1, 2024Vesting date for 25% of restricted stock units granted on June 1, 2023.
December 1, 2024Vesting date for 25% of restricted stock units granted on June 1, 2023.
March 7, 2025Date of transaction representing the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
June 1, 2025Future vesting date for 25% of restricted stock units granted on June 1, 2023.
December 1, 2025Future vesting date for 25% of restricted stock units granted on June 1, 2023.
March 11, 2025Date of signature for the Form 4 filing.

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