Village Farms COO granted 200,000 options
Village Farms International, Inc. reported that Chief Operating Officer Ann Lefever Gillin received a grant of options to acquire 200,000 common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Village Farms International, Inc. reported that Chief Operating Officer Ann Lefever Gillin received a grant of options to acquire 200,000 common shares. The options have an exercise price of $1.33 per share and expire on May 7, 2029.
The options vest over three years, with one-third vesting on each of the first three anniversaries of the May 7, 2024 grant date, as part of the company’s Share-Based Compensation Plan. Following this award, she holds 200,000 options, and the grant is compensation-related rather than an open-market purchase.
Insider Trade Summary
Grant/Award: 200,000 shares
Grant/Award
1 txn
Insider
Gillin Ann Lefever
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Options | 200,000 | $0.00 | $0.00 |
Holdings After Transaction:
Options — 200,000 contracts (Direct)
Footnotes (2)
- F1. The options were granted on May 7, 2024 and will 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, 133,334 options are unvested.
- F2. The options were granted to the Reporting Person pursuant to Village Farms International Inc.'s (the "Issuer") Share-Based Compensation Plan, as described in the Issuer's Annual Report on Form 10-K/A for the year ended December 31, 2024 and filed with the Securities Exchange Commission on April 25, 2025.
Key Figures
Options granted: 200,000 options
Exercise price: $1.33 per share
Expiration date: May 7, 2029
+3 more
6 metrics
Options granted
200,000 options
Grant to COO on May 7, 2024
Exercise price
$1.33 per share
Options on Village Farms common shares
Expiration date
May 7, 2029
End of option term
Underlying shares
200,000 common shares
Shares subject to granted options
Unvested options
133,334 options
Unvested as of reporting date per footnote
Total options after grant
200,000 options
Total derivative holdings following transaction
Key Terms
Share-Based Compensation Plan, options, Form 10-K/A, vesting
4 terms
options financial
"The options were granted on May 7, 2024 and will vest over a three year period"
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.
Form 10-K/A regulatory
"as described in the Issuer's Annual Report on Form 10-K/A for the year ended December 31, 2024"
A Form 10-K/A is an amended version of a company’s annual report filed with regulators to correct, clarify or add information after the original annual report was submitted. Think of it like a revised chapter in a book that fixes errors or includes new details; investors pay attention because the changes can alter the company’s financial picture, risks or legal disclosures and therefore may affect investment decisions.
vesting financial
"will vest over a three year period, with one-third (1/3) of the issued options vesting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Village Farms (VFF) report for its COO?
Village Farms reported that its Chief Operating Officer Ann Lefever Gillin received a grant of 200,000 options. These options allow her to purchase common shares at a fixed exercise price as part of compensation, rather than reflecting an open-market stock purchase or sale.
What is the exercise price of the COO’s options at Village Farms (VFF)?
The granted options have an exercise price of $1.33 per share. This means the COO can buy Village Farms common shares at $1.33 if the options vest and are exercised before expiration, regardless of the market price at that time.
How do the Village Farms (VFF) COO options vest over time?
The options granted to the COO vest over three years, with one-third of the issued options vesting on each of the first three anniversaries of the May 7, 2024 grant date. This time-based vesting structure is typical for long-term executive incentive awards.
When do the COO’s options at Village Farms (VFF) expire?
The options granted to the COO expire on May 7, 2029. If any options remain unexercised after that date, they will lapse and can no longer be used to purchase Village Farms common shares under this award.
How many options remain unvested for the Village Farms (VFF) COO?
According to the disclosure, 133,334 options are unvested as of the reporting date. Unvested options cannot yet be exercised and will become exercisable only as they vest according to the three-year vesting schedule described in the grant terms.
Under what plan were the Village Farms (VFF) COO options granted?
The options were granted under Village Farms International Inc.’s Share-Based Compensation Plan. This plan, described in the company’s Form 10-K/A for the year ended December 31, 2024, governs how equity-based awards like options are issued to eligible participants.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates