Company: VREOF
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001140361-25-018064
Chunk: 29

Company: Vireo Growth Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 29
---
 retain qualified and experienced directors and to align our directors’ interests with those of our shareholders by including a substantial portion of their compensation in Vireo Shares. For 2024 director compensation, the Compensation Committee made a recommendation to the Nominating and Corporate Governance Committee, which the Nominating and Corporate Governance Committee approved and proposed to the Board for approval. With the consolidation of the Compensation Committee and Nominating and Corporate Governance Committee into the NCGC Committee in May 2024, director compensation is now be recommended by the NCGC Committee to the Board for approval. The NCGC Committee and the Board consider committee assignments and committee chair responsibilities, as well as the overall time requirements of the directors in determining the level of long-term equity incentive awards to be granted, if any. For 2024, non-employee director compensation was comprised of an annual cash retainer of $71,000. Non-employee directors also received 418,696 restricted share units (“ RSUs”), of which 364,583 vested immediately upon grant, and 54,113 vest on the first anniversary of the grant, and 499,559 options to purchase Subordinate Voting Shares. The following table reflects the total compensation earned by or paid to our non-employee directors in 2024. Director Compensation for 2024

| Name              |     |    Fees 
  Earned 
      or 
    Paid 
 in Cash 
     ($) |     |  Option 
  Awards 
  ($)(1) |     | Restricted 
      Stock 
     Awards 
     ($)(2) |     |   Total 
     ($) |
| Ross M. Hussey    |     |  71,000 |     | 196,531 |     |    211,441 |     | 478,972 |
| Victor E. Mancebo |     |  71,000 |     | 196,531 |     |    211,441 |     | 478,972 |
| Judd T. Nordquist |     |  71,000 |     | 196,531 |     |    211,441 |     | 478,972 |

| (1) | At December 31, 2024, the directors had the following Company options outstanding: Mr. Hussey held 670,073 vested Company options and 64,616 unvested Company options that vest in full on August 22, 2025; Mr. Mancebo held 604,