---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-021954"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:51:46.944607+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Vireo Growth amends CEO and CFO employment agreements; RSUs tied to stock price and EBITDA targets

## Summary
- CEO Mazarakis: 19M Time-Vested RSUs now vest 30% at year 1, 35% at $0.85 VWAP year 2, remaining at $1.05 VWAP year 3.
- CEO Performance-Vested RSUs (19M) vest in thirds when AEBITDA exceeds $150M, $165M, $205M and net leverage <2.2x.
- CFO Macdonald: 9.5M Time-Vested RSUs with same VWAP-based vesting; 9.5M Performance-Vested RSUs tied to same AEBITDA targets.
- Debt refinance bonus threshold lowered from $80M to $60M; CEO bonus 0.8%, CFO 0.4% (down from 1%).
- Transaction bonus tied to acquisition multiple ≤5x TEV; sale bonus triggers at $1.15+ per share; capital raise bonus unchanged.

## SEC filing metadata
- accession: 0001104659-25-021954
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465925021954/0001104659-25-021954-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465925021954/tm258629d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-021954
- JSON: https://secwatch.observer/filing/0001104659-25-021954.json
- Plain text: https://secwatch.observer/filing/0001104659-25-021954.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.