Village Farms (VFF) director updates holdings as restricted stock vests with tax withholding
Rhea-AI Filing Summary
Village Farms International, Inc. director John R. McLernon reported equity award activity in Common Shares. On July 9, 2026, restricted stock granted under the company’s Share-based Compensation Plan fully vested and automatically converted into 75,757 Common Shares. To cover tax withholding on this vesting, 15,151 Common Shares were withheld by the issuer at $1.99 per share, and no common shares were sold. Following these transactions, McLernon holds 216,248 Common Shares directly, and also reports additional indirect holdings through a holding company, a retirement income fund, and tax-free savings accounts for himself and his spouse.
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Insights
Director’s restricted stock vested, with routine tax withholding and no market sale.
Director John R. McLernon had a time-based Restricted Stock award vest on July 9, 2026, converting into 75,757 Common Shares. This is standard equity compensation rather than an open-market purchase.
To satisfy tax obligations on the vesting, the issuer withheld 15,151 shares at $1.99 per share, explicitly stating that no common shares were sold. After these entries, McLernon directly owns 231,399 shares and reports several indirect holdings via family and savings vehicles.
Because the key disposition is tax withholding and not a discretionary sale, the economic signal is neutral; it mainly updates McLernon’s share count and confirms continued equity exposure to Village Farms International, Inc..
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock F7, F8 | 75,757 | $0.00 | $0.00 |
| Exercise | Common Shares | 75,757 | $0.00 | $0.00 |
| Tax Withholding | Common Shares F2 | 15,151 | $1.99 | $30K |
| holding | Common Shares F1 | -- | -- | -- |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares F4 | -- | -- | -- |
| holding | Common Shares F5 | -- | -- | -- |
| holding | Common Shares F6 | -- | -- | -- |
Footnotes (8)
- F1. These common shares are held through McLernon Holdings Ltd. Mr. McLernon and his spouse are the shareholders of McLernon Holdings Ltd. and may be deemed the beneficial owners of the common shares held by it.
- F2. Common shares withheld by Village Farms International, Inc (the "Issuer") to satisfy tax withholding requirements on vesting of Restricted Stock (as defined below). No common shares were sold.
- F3. These common shares are held through a Retirement Income Fund.
- F4. These common shares are held through a Tax Free Savings Account ("TFSA").
- F5. These common shares are held through Mr. McLernon's spouse.
- F6. These common shares are held through a TSFA for Mr. McLernon's spouse.
- F7. Restricted stock are time-based grants of common shares ("Restricted Stock") of Issuer granted pursuant to the Issuer's Share-based Compensation Plan, as described in the Issuer's Definitive Proxy Statement filed with the Securities and Exchange Commission on April 29, 2026. The Restricted Stock does not require payment of a conversion or exercise price.
- F8. This Restricted Stock award was granted on July 9, 2025 and vested entirely on July 9, 2026, and in accordance with the terms therewith, automatically converted into common shares as reported herein.
Key Figures
Key Terms
Restricted Stock financial
Tax Free Savings Account ("TFSA") financial
Retirement Income Fund financial
beneficial owners financial
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