---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-013000"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2024-03-26T23:59:59+00:00"
generated_at: "2026-06-04T08:02:52.491116+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Verano Holdings adopts long-term cash incentive plan to replace equity awards

## Summary
- Compensation Committee approved Long-Term Cash Incentive Plan on March 21, 2024, effective March 22, 2024.
- Awards are cash-based as percentage of base salary; vesting in four equal installments at 12, 18, 24, and 30 months.
- Plan aims to reduce administrative burden, alleviate stock price pressure from equity incentives, and reduce dilution.
- Unvested awards forfeited upon termination of employment unless due to death, disability, or retirement.
- No specific award amounts or participant count disclosed; plan is unfunded and unsecured.

## SEC filing metadata
- accession: 0001628280-24-013000
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2024-03-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828024013000/0001628280-24-013000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828024013000/vrnof-20240326.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-013000
- JSON: https://secwatch.observer/filing/0001628280-24-013000.json
- Plain text: https://secwatch.observer/filing/0001628280-24-013000.txt

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