secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001104659-25-021954
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925021954/0001104659-25-021954-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925021954/tm258629d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-021954

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer