Company: VREOF
Filing Date: 2025-03-11
Form Type: PREM14C
Source: 0001140361-25-008065
Chunk: 289

Company: Vireo Growth Inc.
Filing Date: 2025-03-11
Form: PREM14C
Chunk 289
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 December 17, 2024. The director compensation program is intended to provide a total compensation package that enables the Company to attract and 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 our Shares. The Compensation Committee of our Board of Directors (the “Compensation Committee”) makes a recommendation to the Nominating and Governance Committee of our Board of Directors (the “N&G Committee”) regarding director compensation, which the N&G Committee will then approve, modify, or reject. The N&G Committee will then propose such compensation to the Board for approval. The Compensation Committee, N&G 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 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