Brown Edward Max 4
4 · Verano Holdings Corp. · Filed Mar 9, 2023
Insider Transaction Report
Form 4
Brown Edward Max
Director
Transactions
- Exercise/Conversion
Class A Subordinate Voting Shares
2023-03-07$3.36/sh+16,667$56,036→ 40,189 total - Exercise/Conversion
Restricted Stock Units
2023-03-07−166.67→ 0 totalExercise: $0.00→ Class B Proportionate Voting Shares (166.67 underlying)
Footnotes (4)
- [F1]This transaction represents the settlement of vested restricted stock units into Class A Subordinate Voting Shares.
- [F2]The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on February 18, 2021. Each restricted stock unit reflects a contingent right to receive one Class B Proportionate Voting Share.
- [F3]The restricted stock units vest 1/3rd on each six-month anniversary of the date of grant.
- [F4]Class A Subordinate Voting Shares may be issued in lieu of Class B Proportionate Voting Shares, on an as-converted basis of 100:1, at the discretion of the compensation committee of the board of directors.