Village Farms (VFF) CEO converts options into 33,334 common shares
Rhea-AI Filing Summary
Village Farms International, Inc. Chief Executive Officer Michael A. DeGiglio exercised stock options to acquire 33,334 Common Shares at an exercise price of $1.08 per share. Following the transaction, he directly holds 9,655,775 Common Shares. The exercised options were originally granted on February 1, 2023 and vested over three years, and are now fully vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 33,334 shares
Net Buy
2 txns
Insider
DEGIGLIO MICHAEL A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 33,334 | $0.00 | $0.00 |
| Exercise | Common Shares | 33,334 | $1.08 | $36K |
Holdings After Transaction:
Options — 0 shares (Direct);
Common Shares — 9,655,775 shares (Direct)
Footnotes (1)
- F1. The options were granted on February 1, 2023 and vest over a three year period, with one-third (1/3) of the issued Options vesting on each of the first 3 anniversaries of the date of the grant. As of the date hereof, all options are vested.
Key Figures
Options exercised: 33,334 shares
Exercise price: $1.08 per share
Shares held after transaction: 9,655,775 shares
+3 more
6 metrics
Options exercised
33,334 shares
Common Shares acquired via option exercise on June 15, 2026
Exercise price
$1.08 per share
Price for exercising options into Common Shares
Shares held after transaction
9,655,775 shares
Direct Common Share ownership following the option exercise
Derivative position remaining
0 options
No remaining options in derivativeSummary after this exercise
Option grant date
February 1, 2023
Grant date for options that were exercised
Option expiration date
February 1, 2033
Original expiration date for the exercised options
Key Terms
derivative security, Exercise or conversion, vest over a three year period, Common Shares, +1 more
5 terms
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion financial
"transaction_action: derivative exercise/conversion"
vest over a three year period financial
"The options were granted on February 1, 2023 and vest over a three year period"
Options financial
"security_title: Options"
Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Village Farms (VFF) CEO Michael DeGiglio report in this Form 4?
Michael DeGiglio reported exercising stock options for 33,334 Common Shares of Village Farms at $1.08 per share. This converted previously granted options into common shares as part of his equity compensation package.
What type of transaction is shown in this Village Farms (VFF) Form 4?
The filing shows a derivative exercise, coded “M,” where options were exercised and converted into 33,334 Common Shares. It is classified as an acquisition of shares, not an open-market purchase or sale.
What was the exercise price of the Village Farms (VFF) options exercised?
The options exercised by the Village Farms CEO had an exercise price of $1.08 per share. Exercising these options allowed him to acquire 33,334 Common Shares at that fixed price under the original grant terms.
When were the Village Farms (VFF) options originally granted and how did they vest?
The options were granted on February 1, 2023 and vested over three years. One-third vested on each of the first three anniversaries of the grant date, and the filing notes that all options are now fully vested.