$ Value
$0
Shares
9,500,000
Price
$0
Filed
May 13
Insider
Name
Macdonald Tyson
Title
Chief Financial Officer
CIK
0002049701
Roles
Transaction Details
Transaction Date
2025-05-09
Code
A
Table
Derivative
Ownership
Direct
Equity Swap
No
Shares After
9,500,000
Footnotes
Each restricted stock unit represents a contingent right to receive one subordinate voting share. | The RSUs vest on the following schedule: 2,850,000 RSUs on March 6, 2026; 3,325,000 RSUs, at any time on or after March 6, 2027, on the day immediately following the date on which the subordinate voting shares have reached a 30-day volume-weighted average price ("VWAP") that exceeds US$0.85; and 3,325,000 RSUs, at any time on or after March 6, 2028, on the day immediately following the date on which the subordinate voting shares have reached a 30-day VWAP that exceeds US$1.05 (subject to Mr. Macdonald remaining a Service Provider on each such vesting date). | The RSUs vest on the following schedule: 1/3 on the day immediately following the date on which the Registrant's 6-month trailing, annualized, adjusted EBITDA exceeds US$150,000,000 and the net leverage of the Company is below 2.2x; 1/3 on the day immediately following the day on which the adjusted EBITDA exceeds US$165,000,000 and the net leverage of the Registrant is below 2.2x; and 1/3 on the day immediately following the date on which the adjusted EBITDA exceeds US$205,000,000 and the net leverage of the Registrant is below 2.2x.
Filing Info
Macdonald Tyson's History
| Date | Ticker | Type | Value |
|---|---|---|---|
| 2025-12-29 | VREOF | F | $255K |
| 2025-12-29 | VREOF | F | $1.3M |
| 2025-12-17 | VREOF | A | — |
| 2025-12-17 | VREOF | A | — |
| 2025-12-17 | VREOF | M | $0 |
| 2025-11-13 | VREOF | A | — |
| 2025-05-09 | VREOF | A | $0 |
| 2025-05-09 | VREOF | A | $0 |
Other Insiders at VREOF (90d)
No other insider activity at this issuer in the last 90 days.