DEGIGLIO MICHAEL A 4
4 · Village Farms International, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Village Farms (VFF) CEO Michael Degiglio Receives RSU Award
What Happened Michael A. Degiglio, Chief Executive Officer of Village Farms International, was granted 224,238 restricted share units (RSUs) on July 1, 2026. This was a derivative award (Form 4 transaction code A) — no purchase price is reported and no immediate shares were issued because the RSUs are unvested. The filing does not state a dollar value for the grant.
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-07 (filed late relative to the typical two-business-day Form 4 deadline).
- Grant: 224,238 RSUs (derivative award); acquisition price: N/A.
- Vesting: Per filing footnotes, one‑third of the RSUs vest on each of the first three anniversaries of the grant date. As of the filing date, all RSUs are unvested.
- RSU mechanics: No exercise/conversion price; RSUs convert to common shares when vested. Unvested RSUs terminate upon separation; vested RSUs are redeemable under the plan.
- Shares owned after transaction: Not specified in the filing.
- Transaction code: A = Award/Grant (RSUs).
Context RSU grants are standard executive compensation and retention tools; they are not open‑market purchases or sales and do not represent an immediate sale or cash inflow. Because the Form 4 was filed several days after the grant date, it is a late filing and may warrant attention from compliance observers, though the grant itself is a routine compensation action.
Insider Transaction Report
- Award
Restricted Share Units
[F1][F2]2026-07-01+224,238→ 224,238 total→ Common Shares (224,238 underlying)
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.