Company: VREOF
Filing Date: 2025-05-09
Form Type: DEF 14A
Source: 0001140361-25-018064
Chunk: 52

Company: Vireo Growth Inc.
Filing Date: 2025-05-09
Form: DEF 14A
Chunk 52
---
2019 Plan to certain executive officers and employees pursuant to the terms of their employment agreements or amendments thereto, and 10,433,184 RSUs granted under the 2018 Plan. |

Vireo adopted the 2019 Plan effective March 18, 2019, permitting the grant under the 2019 Plan of Options, SARs, Company RS Awards or RSUs (individually, an “ Award”). In addition, from time to time, we may grant Options as incentives or compensation mechanisms for executives and directors pursuant to their employment agreements. Under the rules of the CSE, Vireo is required to seek Shareholders re-approve every three years. Approval from Shareholders was last received at the annual general and special meeting held on June 21, 2024, and will be required on or before June 21, 2027. The Company has granted equity compensation outside of the 2019 plan. These equity grants of Options and RSUs were issued pursuant to employment agreements between the individuals and the Company. In January 2018, Vireo U.S. adopted the 2018 Plan, which permitted the Company to grant incentive stock options, restricted shares, restricted share units, or other awards. The 2018 Plan was not approved by shareholders. Under the terms of the 2018 Plan, a total of 1,000,000 common shares were reserved for issue. No future awards will be made under the 2018 Plan. Summary of Terms and Conditions of Equity Compensation Plans As permitted by Item 2.8 of Form 51-102F6 to the Canadian Securities Administrators’ National Instrument 51-102, Vireo satisfied the requirements of such form by providing the information otherwise disclosed in the United States pursuant to item 402 “Executive compensation” of Regulation S-K under the Exchange Act.

31

TABLE OF CONTENTS

BENEFICIAL OWNERSHIP OF SHARES The following table sets forth the beneficial ownership of Vireo’s Shares as of April 22, 2025 for (i) each member of the Board, (ii) each NEO, (iii) each person known to Vireo to be the beneficial owner of more than 5% of Vireo’s securities, and (iv) the directors and executive officers as a group. Beneficial ownership is determined according to the rules of the SEC. Generally, a person has beneficial ownership of a security if the person possesses sole or shared voting or investment power of that security