DEGIGLIO MICHAEL A 4

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.