Michael A. DeGiglio,CEO and a director of Village Farms International, Inc. (NASDAQ:VFF), on February 1, 2022 exercised certain expiring stock options and disposed of 100,000 company's common shares through the facilities of the Nasdaq. This was pursuant to his existing 10b-5-1 Trading Plan, at an average price of $5.30 per share, for an aggregate disposition price of$530,100.
DeGiglio paid the $100,000 exercise price to Village Farms together with all applicable US withholding taxes. The 100,000 stock options exercised were originally issued to him in March 2012 at an exercise price of US $1.00 and were set to expire on the 10th anniversary of issuance. Following the disposition, the number of common shares beneficially owned by DeGiglio was unchanged at 9.35 million common shares.
