Bovenschen Orville 4
4 · Village Farms International, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Village Farms (VFF) President Orville Bovenschen Receives RSU Award
What happened
Orville Bovenschen, President of Canadian Cannabis for Village Farms International (VFF), received an award of 37,500 restricted share units (RSUs) on July 1, 2026. This is an equity grant (derivative award), not an open‑market purchase or sale—no cash was paid and no market price applies.
Key details
- Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-07). The filing appears to have been made after the typical two-business-day Form 4 window.
- Award: 37,500 RSUs (derivative award; transaction code A). No per-share price applies.
- Vesting: RSUs are time‑based; one‑third vest on each of the first three anniversaries of the grant date. As of the filing date, all RSUs are unvested.
- Post‑transaction holdings: The Form 4 does not disclose Bovenschen’s total shares owned after this grant in the information provided here.
- Footnote highlights: RSUs require no exercise price, have no stated expiration, unvested RSUs terminate upon separation, and vested RSUs are redeemable under the company’s Share‑Based Compensation Plan.
Context
RSU awards are a common form of long‑term compensation intended to retain executives; because these RSUs are time‑based and unvested, they do not represent immediately tradable shares. This is an award/grant (not a purchase or sale), so it is routine compensation rather than a direct market sentiment signal.
Insider Transaction Report
Form 4
Bovenschen Orville
President of Canadian Cannabis
Transactions
- Award
Restricted Share Units
[F1][F2]2026-07-01+37,500→ 37,500 total→ Common Shares (37,500 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.
Signature
/s/Stephen C. Ruffini, Attorney-in-Fact|2026-07-07