Village Farms (VFF) CEO awarded 224,238 RSUs under equity plan
Rhea-AI Filing Summary
Village Farms International, Inc. Chief Executive Officer Michael A. DeGiglio received a grant of 224,238 Restricted Share Units (RSUs) tied to the company’s common shares. The RSUs were granted under the company’s Share-Based Compensation Plan and do not require any exercise or conversion price.
According to the grant terms, one-third of the RSUs vest on each of the first three anniversaries of the grant date, creating a three-year time-based vesting schedule. All 224,238 RSUs are unvested as of the grant date. Unvested RSUs terminate if his employment ends, while vested RSUs are redeemable in line with the plan’s rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DEGIGLIO MICHAEL A
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 224,238 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Share Units — 224,238 shares (Direct)
Footnotes (2)
- F1. Restricted Share Units ("RSUs") are time-based rights to receive common shares of Village Farms International, Inc. ("Issuer"), granted pursuant to the Issuer's Share-Based Compensation Plan (the "Plan"), as described in the Issuer's Definitive Proxy Statement filed with the Securities and Exchange Commission on April 29, 2026. RSUs do not require payment of a conversion or exercise price. One-third of the RSUs vest on each of the first three anniversaries of the grant date, subject to acceleration of vesting upon certain qualifying terminations of employment. As of the date hereof, all RSUs are unvested.
- F2. The RSUs do not have a stated expiration date; unvested RSUs terminate upon the Reporting Person's separation date from the Issuer, and vested RSUs are redeemable in accordance with the Plan.
Key Figures
RSUs granted: 224,238 RSUs
Underlying common shares: 224,238 shares
Exercise price: 0.0000 per RSU
+2 more
5 metrics
RSUs granted
224,238 RSUs
Grant to CEO as reported on Form 4
Underlying common shares
224,238 shares
Common shares underlying granted RSUs
Exercise price
0.0000 per RSU
RSUs do not require payment of a conversion or exercise price
Post-grant RSU holdings
224,238 RSUs
Total RSUs held by CEO following this grant
Vesting schedule
1/3 per year over 3 years
One-third vests on each of the first three anniversaries
Key Terms
Restricted Share Units, Share-Based Compensation Plan, Definitive Proxy Statement, vesting, +1 more
5 terms
Definitive Proxy Statement regulatory
"as described in the Issuer's Definitive Proxy Statement filed with the Securities and Exchange Commission"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
vesting financial
"One-third of the RSUs vest on each of the first three anniversaries"
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.
unvested RSUs terminate financial
"unvested RSUs terminate upon the Reporting Person's separation date from the Issuer"
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 receiving 224,238 Restricted Share Units (RSUs) linked to Village Farms common shares. These RSUs are a form of equity compensation and were granted under the company’s Share-Based Compensation Plan with no exercise or conversion price required.
What is the vesting schedule for the Village Farms (VFF) CEO’s RSUs?
One-third of the 224,238 RSUs vest on each of the first three anniversaries of the grant date. This creates a three-year, time-based vesting schedule that encourages continued service with Village Farms while gradually delivering equity compensation over time.
Do the Village Farms (VFF) CEO RSUs require an exercise or conversion price?
The RSUs do not require any exercise or conversion price to receive common shares. Once the RSUs vest, they can be redeemed for Village Farms common shares according to the rules of the Share-Based Compensation Plan, without additional payment by the CEO.
What happens to the Village Farms (VFF) CEO’s RSUs if his employment ends?
Unvested RSUs terminate upon the CEO’s separation from Village Farms. Vested RSUs remain and are redeemable in accordance with the Share-Based Compensation Plan, which governs how and when vested awards can be settled in common shares after separation.
Are the Village Farms (VFF) CEO’s RSUs currently vested?
All 224,238 RSUs are unvested as of the reported date. Vesting will occur over three years, with one-third vesting on each of the first three anniversaries of the grant date, assuming continued qualifying employment with Village Farms International, Inc.