Village Farms (VFF) director exercises 25,000 share options
Rhea-AI Filing Summary
Village Farms International director John R. McLernon exercised stock options to acquire 25,000 common shares at $1.09 per share. The options, granted in 2016 under the share-based compensation plan, are now fully exercised with no remaining balance. Following the transaction, he directly holds 155,642 common shares and also reports additional indirect holdings through various registered accounts, his spouse, and McLernon Holdings Ltd.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,000 shares
Net Buy
7 txns
Insider
McLernon John R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 25,000 | $0.00 | $0.00 |
| Exercise | Common Shares | 25,000 | $1.09 | $27K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Options — 0 shares (Direct);
Common Shares — 155,642 shares (Direct);
Common Shares — 84,100 shares (Indirect, See footnote)
Footnotes (6)
- F1. Held through a Tax Free Savings Account ("TFSA").
- F2. Held through a Retirement Income Fund.
- F3. Held through spouse.
- F4. 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.
- F5. Held through a TFSA for Mr. McLernon's spouse.
- F6. The options were issued on March 29, 2016 pursuant to the Issuer's Share-Based Compensation Plan, became fully vested on the third anniversary of the grant date and expire on March 29, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Village Farms (VFF) report for John R. McLernon?
Village Farms reported that director John R. McLernon exercised stock options for 25,000 common shares at $1.09 per share. This was a derivative exercise, not an open-market purchase or sale, and increased his directly held common share position.
What are the key terms of John R. McLernon’s Village Farms (VFF) options exercised?
The options were granted on March 29, 2016 under Village Farms’ Share-Based Compensation Plan, became fully vested on the third anniversary of the grant date, and were set to expire on March 29, 2026. He exercised 25,000 options at an exercise price of $1.09 per share.
How are John R. McLernon’s indirect Village Farms (VFF) holdings structured?
The Form 4 notes indirect Village Farms holdings through a Tax Free Savings Account, a Retirement Income Fund, his spouse, McLernon Holdings Ltd., and a TFSA for his spouse. Footnotes state he and his spouse may be deemed beneficial owners of shares held by McLernon Holdings Ltd.
Does this Village Farms (VFF) Form 4 show any remaining options for John R. McLernon?
This Form 4 indicates that the specific 25,000 options exercised now have a remaining balance of zero, and no additional derivative positions are listed in the derivative summary. The reported transaction fully used that option grant before its March 29, 2026 expiry.