McDermott Edward Aloysious III 4
4 · Verano Holdings Corp. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Verano (VRNO) COO Edward McDermott Receives 299,145 RSUs
What Happened Edward Aloysious McDermott III, COO of Verano Holdings (VRNO), had multiple RSU-related transactions on June 1, 2026. The filing shows conversions/settlements of restricted stock units and a new RSU grant: 59,186 shares acquired on conversion (exercise/conversion code M) and a new award of 299,145 restricted stock units (A). In connection with RSU settlement/withholding, 17,017 shares were withheld to satisfy tax obligations at an effective price of $1.17 (total value $19,910). Two additional derivative disposals of 25,546 and 33,640 shares (both recorded at $0.00) are also reported. Net effect reported in the filing: total shares acquired 358,331; total shares disposed 76,203; net increase of 282,128 shares.
Key Details
- Transaction date(s): June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
- Prices and values: conversions/grants recorded at $0.00; 17,017 shares withheld at $1.17 to cover taxes (≈ $19,910).
- Shares acquired: 59,186 (conversion) + 299,145 (new RSU grant) = 358,331.
- Shares disposed/withheld: 17,017 (tax withholding) + 25,546 + 33,640 = 76,203.
- Net increase: +282,128 shares after reported dispositions/withholdings.
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: settlement of vested RSUs into common stock; withheld shares were for income tax remittance and are not a sale; RSU grants originate from plans dated June 1, 2024, June 1, 2025, and June 1, 2026 with multi-year vesting schedules (see filing footnotes).
Context These transactions reflect RSU vesting/settlement and a new RSU grant rather than an open-market purchase or sale. The $0.00 exercise/conversion amounts indicate conversion of restricted stock units into common shares; the withholding of shares to satisfy taxes is routine and not a market sale. The new RSU grant vests over future years per the plan schedule, so it is a compensation award rather than an immediate cash investment signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.001
[F1]2026-06-01+59,186→ 329,343 total - Tax Payment
Common Stock, par value $0.001
[F2]2026-06-01$1.17/sh−17,017$19,910→ 312,326 total - Exercise/Conversion
Restricted Stock Units
[F3][F1][F4]2026-06-01−25,546→ 126,478 totalExercise: $0.00→ Common Stock, par value $0.001 (25,546 underlying) - Exercise/Conversion
Restricted Stock Units
[F5][F1][F4]2026-06-01−33,640→ 92,838 totalExercise: $0.00→ Common Stock, par value $0.001 (33,640 underlying) - Award
Restricted Stock Units
[F6][F7]2026-06-01+299,145→ 391,983 totalExercise: $0.00→ Common Stock, par value $0.001 (299,145 underlying)
Footnotes (7)
- [F1]This transaction represents the settlement of vested restricted stock units into Common Stock, par value $0.001.
- [F2]Represents the number of shares of Common Stock, par value $0.001 that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.
- [F3]The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2025, December 1, 2025 and June 1, 2026 and thereafter will vest 25% on December 1, 2026.
- [F4]The restricted stock units disposed in this transaction settled on June 1, 2026.
- [F5]The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2025. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 33.33% on June 1, 2026, and thereafter will vest 33.33% on June 1, 2027 and 33.34% on June 1, 2028.
- [F6]The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2026.
- [F7]Each restricted stock unit reflects a contingent right to receive one share of Common Stock and will vest 33.33% on June 1, 2027, 33.33% on June 1, 2028 and 33.34% on June 1, 2029.