Could this be a bug in Lame? Mediainfo reports it as a -V 2 encoding.
C:\Users\xxxxxx\Music>lame.exe -V 4 test.wav
LAME 3.100 32bits (http://lame.sf.net)
CPU features: MMX (ASM used), SSE (ASM used), SSE2
polyphase lowpass filter disabled
Encoding TEST.wav to TEST.mp3
Encoding as 22.05 kHz j-stereo MPEG-2 Layer III VBR(q=2.44706)
Frame | CPU time/estim | REAL time/estim | play/CPU | ETA
9096/9096 (100%)| 0:02/ 0:02| 0:02/ 0:02| 102.37x| 0:00
8 [ 1] *
16 [ 0]
24 [ 0]
32 [ 0]
40 [ 31] %
48 [ 38] %
56 [ 0]
64 [ 8] %
80 [ 425] %*******
96 [3889] %%%%%%%%%%%%%%%%%***************************************************
112 [2707] %%%%%%%%%%%%%%%%%%%*****************************
128 [ 422] %%%*****
144 [ 338] %%****
160 [1237] %%%%%%%%%%%%**********
-------------------------------------------------------------------------------
kbps LR MS % long switch short %
111.6 32.6 67.4 79.0 11.9 9.1
Writing LAME Tag...done
ReplayGain: -9.2dB
Mediainfo
Complete name : C:\Users\xxxxxx\Music\TEST.mp3
Format : MPEG Audio
File size : 3.16 MiB
Duration : 3 min 57 s
Overall bit rate mode : Variable
Overall bit rate : 111 kb/s
Writing library : LAME3.100
Audio
Format : MPEG Audio
Format version : Version 2
Format profile : Layer 3
Format settings : Joint stereo
Duration : 3 min 57 s
Bit rate mode : Variable
Bit rate : 111 kb/s
Minimum bit rate : 8 000 b/s
Channel(s) : 2 channels
Sampling rate : 22.05 kHz
Frame rate : 38.281 FPS (576 SPF)
Compression mode : Lossy
Stream size : 3.16 MiB (100%)
Writing library : LAME3.100
Encoding settings : -m j -V 2 -q 0 -lowpass 11 --vbr-new -b 8
Foobar file properties
File name : TEST.mp3
Folder name : C:\Users\xxxxxx\Music
File path : C:\Users\xxxxxx\Music\TEST.mp3
Subsong index : 0
File size : 3.15 MB (3 308 641 bytes)
Last modified : 2019-11-01 15:17:13
Duration : 3:57.547 (5 237 904 samples)
Sample rate : 22050 Hz
Channels : 2
Bitrate : 111 kbps
Codec : MP3
Codec profile : MP3 VBR V2
Encoding : lossy
Tool : LAME3.100
Embedded cuesheet : no
<ENC_DELAY> : 576
<ENC_PADDING> : 816
<MP3_ACCURATE_LENGTH> : yes
<MP3_STEREO_MODE> : joint stereo