McDermott Edward Aloysious III 4

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.