Duxbury Joseph 4
Research Summary
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Vireo Growth (VREOF) Chief Accounting Officer Receives RSUs
What Happened
- Joseph Duxbury, Chief Accounting Officer of Vireo Growth Inc., had 133,333 restricted stock units (RSUs) fully vest on May 15, 2026. Each RSU converts to one subordinate voting share.
- Upon vesting, 133,333 shares were issued; 40,799 shares (withholding price reported at $0.39/share) were withheld to cover tax withholding obligations, a disposition valued at $15,708. Net shares delivered to Duxbury were 92,534.
- No cash purchase was reported — this was an award/vesting event rather than an open-market buy or sale.
Key Details
- Transaction date: May 15, 2026 (Form 4 filed May 19, 2026).
- Codes and amounts reported: A (award) 133,333 RSUs; M (conversion/exercise) reflecting issuance of 133,333 shares; F (tax withholding) 40,799 shares withheld at $0.39 = $15,708.
- RSUs fully vested on May 15, 2026 (footnote). Each RSU = one subordinate voting share.
- Shares owned after the transaction: not specified in the filing.
- These withholdings are routine tax-withholding dispositions, not open-market sales.
Context
- This was a standard RSU vesting and settlement: RSUs converted to shares and a portion withheld to satisfy tax obligations (commonly called a “sell to cover” or withholding), which appears in the filing as a disposition for tax purposes.
- Such award vestings are routine compensation events and do not, by themselves, indicate insider buying or selling sentiment in the open market.