Gillin Ann Lefever 4

What Happened Gillin Ann Lefever, Chief Operating Officer of Village Farms International, was granted 200,000 stock options (derivative award) on May 7, 2024. The filing reports no exercise price or immediate cash value (price listed as N/A). The options vest one-third on each of the first three anniversaries of the grant date; per the footnote 133,334 options are currently unvested (implying 66,666 vested).

Key Details

• Transaction date: May 7, 2024; filing accession: 0001193125-26-166923 (filed Apr 21, 2026).
• Transaction type/code: Award/Grant (A) of 200,000 options; price reported as N/A.
• Vesting: One-third vests each year for three years; 133,334 unvested per footnote.
• Plan: Granted under Village Farms’ Share-Based Compensation Plan (see Issuer’s Form 10-K/A filed Apr 25, 2025).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: The Form 4 was filed on Apr 21, 2026 for a May 7, 2024 grant — this appears late; late filings reduce the promptness of public disclosure.

Context This was an equity award, not a purchase or sale. Option grants to executives are a common form of compensation and represent potential future upside if the company’s stock rises and vesting conditions are met; they do not by themselves indicate an immediate buy or sell signal.