Village Farms (VFF) grants 37,500 RSUs to President of Canadian Cannabis

Rhea-AI Filing Summary

Village Farms International, Inc. reported that President of Canadian Cannabis, Orville Bovenschen, received a grant of 37,500 Restricted Share Units (RSUs). These RSUs are time-based rights to receive common shares under the company’s Share-Based Compensation Plan and do not require any exercise price.

According to the grant terms, one-third of the 37,500 RSUs vest on each of the first three anniversaries of the grant date, provided employment continues or certain qualifying terminations occur. All 37,500 RSUs are unvested as of the transaction date, and unvested RSUs terminate upon separation from the company.

Insights

Equity Compensation Analyst

Routine RSU grant compensates a senior executive with time‑vested equity.

The filing shows a grant of 37,500 RSUs to the President of Canadian Cannabis as part of Village Farms International’s share-based compensation plan. RSUs are awarded at no exercise price and convert into common shares when vesting conditions are met.

The award vests in three equal annual installments over three years, which encourages multi-year retention because continued service is required for vesting, except in specified qualifying terminations. All units remain unvested at the grant date, so the executive has service-based risk before receiving shares.

This type of equity grant is a standard compensation tool rather than a market transaction, since there is no open-market buying or selling and no cash changing hands. Subsequent company disclosures may show future vesting or share delivery as the RSUs settle into common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bovenschen Orville

Role President of Canadian Cannabis

Type	Security	Shares	Price	Value
Grant/Award	Restricted Share Units	37,500	$0.00	$0.00

Holdings After Transaction: Restricted Share Units — 37,500 shares (Direct)

Footnotes (2)

1. 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.
2. 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: 37,500 units RSU exercise price: $0.00 per unit Underlying common shares: 37,500 shares +2 more

5 metrics

RSUs granted 37,500 units Grant of Restricted Share Units to President of Canadian Cannabis

RSU exercise price $0.00 per unit RSUs require no conversion or exercise payment

Underlying common shares 37,500 shares Each RSU corresponds to one common share

Post-transaction RSU holdings 37,500 units Total RSUs following the reported grant

Vesting schedule 1/3 annually 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, vest, +1 more

5 terms

Restricted Share Units financial

"Restricted Share Units ("RSUs") are time-based rights to receive common shares of Village Farms International, Inc."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Share-Based Compensation Plan financial

"granted pursuant to the Issuer's Share-Based Compensation Plan (the "Plan")"

Definitive Proxy Statement regulatory

"as described in the Issuer's Definitive Proxy Statement filed with the Securities and Exchange Commission on April 29, 2026"

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.

vest financial

"One-third of the RSUs vest on each of the first three anniversaries of the grant date"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

separation date financial

"unvested RSUs terminate upon the Reporting Person's separation date from the Issuer"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/07/2026 - 05:34 PM Accepted by SEC EDGAR 07/07/2026 - 05:34 PM Learn about SEC filing dates

FAQ

What did Village Farms (VFF) report in this Form 4 for Orville Bovenschen?

Village Farms reported a grant of 37,500 Restricted Share Units to Orville Bovenschen, President of Canadian Cannabis. These RSUs are time-based rights to receive common shares under the company’s Share-Based Compensation Plan and were awarded at no exercise or conversion price.

How many Restricted Share Units did Orville Bovenschen receive from Village Farms (VFF)?

Orville Bovenschen received 37,500 Restricted Share Units from Village Farms International. Each RSU represents a right to receive one common share if vesting conditions are satisfied, providing equity-based compensation that aligns the executive’s interests with the company’s long-term share performance and retention goals.

What is the vesting schedule for Orville Bovenschen’s RSUs at Village Farms (VFF)?

The 37,500 RSUs vest in three equal installments, with one-third vesting on each of the first three anniversaries of the grant date. Vesting is contingent on continued employment or certain qualifying terminations, meaning the executive must generally remain with the company to earn the shares over time.

Do Orville Bovenschen’s RSUs at Village Farms (VFF) require an exercise price?

The RSUs do not require payment of any conversion or exercise price. They are granted at zero cost to the executive and convert into common shares upon vesting and redemption, in accordance with the terms of Village Farms International’s Share-Based Compensation Plan and related governing documents.

Are Orville Bovenschen’s Village Farms (VFF) RSUs vested or unvested as of the filing date?

As of the reported date, all 37,500 RSUs are unvested. Unvested RSUs terminate if the reporting person separates from Village Farms, while vested RSUs are redeemable for common shares as specified under the Share-Based Compensation Plan and its administrative provisions.

What happens to the Village Farms (VFF) RSUs upon Orville Bovenschen’s separation from the company?

Unvested RSUs terminate on the reporting person’s separation date from Village Farms. Any RSUs that have already vested remain redeemable for common shares in line with the Share-Based Compensation Plan, while the unvested portion is forfeited at the time of separation from employment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bovenschen Orville

(Last) (First) (Middle)

C/O VILLAGE FARMS INTERNATIONAL, INC

90 COLONIAL CENTER PARKWAY, SUITE 100

(Street)

LAKE MARY FLORIDA 32746

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Village Farms International, Inc. [ VFF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President of Canadian Cannabis

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	07/01/2026		A		37,500		(1)	(2)	Common Shares	37,500	(1)	37,500	D

Explanation of Responses:

1. 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.

2. 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.

	/s/Stephen C. Ruffini, Attorney-in-Fact	07/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)