Heine Josh 4
4 · Verano Holdings Corp. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Verano (VRNO) VP Josh Heine Receives 817 Shares via RSU Vesting
What Happened
Josh Heine, Vice President and Corporate Controller of Verano Holdings Corp. (VRNO), had 817 restricted stock units (RSUs) vest and convert into common stock on March 9, 2026. The issuer withheld 283 of those shares to satisfy tax withholding (reported at $1.29/share, ~$365), leaving Heine with a net 534 shares. The total gross value of the vested shares at $1.29/share was about $1,053.93; the net shares received are worth roughly $688.86 at that same price.
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 10, 2026 (timely).
- Converted/settled: 817 RSUs into common stock (reported as derivative exercise/conversion).
- Withheld for taxes (not a sale): 283 shares @ $1.29 = $365.07 (issuer withholding).
- Net shares delivered to insider: 534 shares.
- Shares owned after transaction: not reported in the provided filing.
- Footnotes: RSUs were granted under Verano’s Stock and Incentive Plan (granted March 25, 2024) with scheduled vesting; the March 9, 2026 entry reflects settlement of vested RSUs.
Context
This was a routine RSU vesting and net settlement (issuer withheld shares to cover tax obligations). The withholding is not an open-market sale and does not necessarily signal buying or selling intent. For retail investors, such conversions increase insider-held shares but are generally administrative (compensation-related) rather than directional trades.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-09+817→ 4,405 total - Tax Payment
Common Stock
[F2]2026-03-09$1.29/sh−283$365→ 4,122 total - Exercise/Conversion
Restricted Stock Units
[F3][F1][F4]2026-03-09−817→ 27,981 totalExercise: $0.00→ Common Stock, par value $0.001 (817 underlying)
Footnotes (4)
- [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 March 25, 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 March 5, 2025, September 5, 2025 and March 5, 2026 and thereafter will vest 25% on September 5, 2026.
- [F4]The restricted stock units disposed in this transaction settled on March 9, 2026.