Stephen C. Ruffini - Dec 2, 2021 Form 4 Insider Report for Village Farms International, Inc. (VFF)

Role
Chief Financial Officer, Director
Signature
/s/Stephen C. Ruffini
Stock symbol
VFF
Transactions as of
Dec 2, 2021
Transactions value $
$0
Form type
4
Date filed
12/6/2021, 08:56 PM
Next filing
Jan 6, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VFF Options Award $0 +100K $0.00 100K Dec 2, 2021 Common Shares 100K $6.23 Direct F1
transaction VFF Restricted Stock Units Award $0 +50K $0.00 50K Dec 2, 2021 Common Shares 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vests in three equal annual installments beginning on December 2, 2022.
F2 Restricted Stock Units are performance-based grants of common shares of the Issuer made pursuant to the Issuer's Shared-Based Compensation Plan, as described in the Issuer's Annual Report on Form 10-K for the year ended December 31, 2020, and which vest based on the achievement of certain performance targets, the passage of time or both, and do not require payment of a conversion or exercise price. The Restricted Stock Units granted expire upon the earlier of December 31, 2022 and the Reporting Person's resignation from the Issuer.