John R. McLernon - 28 Jun 2024 Form 4 Insider Report for Village Farms International, Inc. (VFF)

Role
Director
Signature
/s/Stephen C. Ruffini, Attorney-in-Fact
Issuer symbol
VFF
Transactions as of
28 Jun 2024
Net transactions value
$0
Form type
4
Filing time
02 Jul 2024, 18:21:13 UTC
Previous filing
26 Apr 2024
Next filing
25 Jul 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VFF Restricted Stock Award +51,020 51,020 28 Jun 2024 Common Shares 51,020 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock are performance-based grants of common shares ("Restricted Stock") of the Issuer made 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 filed with the Securities and Exchange Commission on April 26, 2024 (the "Annual Report"). The Restriced Stock does not require payment of a conversion or exercise price.
F2 Each Restricted Stock represents the right to receive at settlement, one common share of the Issuer.
F3 The Restricted Stock will vest on June 28, 2025 subject to the terms and conditions of the underlying award agreements and the Issuer's Share-Based Compensation Plan.
F4 The Restricted Stock will expire upon the earlier of the Reporting Person's resignation from the Issuer and June 28, 2025.