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Verano Holdings Corp.·4

Jun 3, 4:16 PM ET

Miles Aaron Nathaniel 4

Research Summary

AI-generated summary

Updated

Verano (VRNO) CIO Miles Nathaniel Receives Award and Settles RSUs

What Happened
Miles Aaron Nathaniel, Chief Investment Officer of Verano Holdings Corp. (VRNO), had multiple restricted stock unit (RSU) settlements and a new RSU grant on June 1, 2026. Key items:

  • Converted/settled vested RSUs into 55,241 shares (acquired at $0.00).
  • A total of 261,752 RSUs were granted (new award, $0.00 per share) on June 1, 2026.
  • 16,186 shares were withheld to satisfy tax withholding obligations at $1.17/share (total value withheld ≈ $18,938).
  • Additional RSU-related dispositions of 23,843 and 31,398 units were reported as derivative settlements (priced $0.00 on the form).
    These were awards/settlements (not open-market buys or sales); the withholding was to cover taxes, not a market sale.

Key Details

  • Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (file appears timely within the usual two-business-day window).
  • Reported transactions: 55,241 shares acquired (derivative conversion), 261,752 RSUs granted, 23,843 and 31,398 RSUs settled/disposed, and 16,186 shares withheld for taxes at $1.17/share (≈ $18,938).
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Notable footnotes:
    • F1/F4/F5: Several settlements reflect vested RSUs from prior grants (June 1, 2024 and June 1, 2025 grants) that vested in part on June 1, 2026.
    • F2: Withheld shares were remitted to the issuer to satisfy tax obligations and do not represent open-market sales.
    • F6/F7: The 261,752-share award was granted under the company’s plan on June 1, 2026 and will vest over future dates (33.33%/33.33%/33.34% in 2027–2029).

Context

  • These transactions are primarily compensation-related (RSU vesting and a new RSU grant), not purchases or discretionary sales — they don’t necessarily signal the insider buying or selling for market reasons.
  • The 16,186-share withholding (~$18.9k) is routine tax withholding on net-settled RSUs, not an open-market sale.
  • For retail investors, compensation-related insider activity is common; purchases are typically more informative about bullish insider conviction than routine vesting and withholding.