McLernon John R. 4

What Happened

• John R. McLernon, a director of Village Farms International, Inc. (VFF), was granted 57,500 restricted share units (RSUs) on July 1, 2026. The award is reported as a derivative grant (transaction code A). No per-share price or immediate cash value is reported — RSUs convert into common shares only upon vesting.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 7, 2026 (filed after the transaction date).
• Transaction type/code: Award/Grant (A) — RSUs (derivative).
• Shares granted: 57,500 RSUs. Price: N/A; total value at grant: N/A (not reported).
• Vesting: RSUs vest on July 1, 2027, subject to award agreement and the company’s Share-based Compensation Plan (see footnotes).
• RSU terms: No exercise/conversion price required (F1); no stated expiration date (F3).
• Shares owned after transaction: Not specified in the filing.
• No 10b5-1 plan, tax-withholding sale, or other special handling is disclosed in the filing.

Context

• RSUs are a form of equity compensation that give the holder the right to receive shares upon vesting; they are not an immediate purchase or sale and do not reflect an insider “buy” or “sell” for market-sentiment purposes.
• This is a routine director compensation grant rather than a market-direction trade. Note the Form 4 was filed six days after the grant date, which is later than the typical two-business-day reporting window for insiders.