Matthew Coffman - Nov 1, 2022 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Signature
/s/ Jared Vitemb, Attorney-in-fact for Matthew Coffman
Stock symbol
FARM
Transactions as of
Nov 1, 2022
Transactions value $
$0
Form type
4
Date filed
11/2/2022, 05:10 PM
Previous filing
May 4, 2022
Next filing
Nov 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARM Common Stock Award $0 +7.81K +98.28% $0.00 15.8K Nov 1, 2022 Direct F1
holding FARM Common Stock 1.61K Nov 1, 2022 Held in Company's 401(k) Plan

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 FARM Cash-Settled Restricted Stock Units Award $0 +7.81K $0.00 7.81K Nov 1, 2022 Cash-Settled Restricted Stock Units 7.81K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock units under Farmer Bros. Co. 2017 Long Term Incentive Plan ("Plan") granted on November 1, 2022 ("Grant Date"), the restricted stock units will vest 33 1/3% on the first anniversary of the Grant, 33 1/3% on the second anniversary, and 33 1/3% on the third anniversary of the Grant Date. Vesting is subject to the provisions of the Plan and the restricted stock unit grant agreement.
F2 Grant of cash based restricted stock units ("CRSUs") under the Farmer Bros. Co. 2017 Long Term Incentive Plan ("Plan") granted on November 1, 2022, the CRSUs will vest 33 1/3% on the first anniversary of the Grant, 33 1/3% on the second anniversary, and 33 1/3% on the third anniversary of the Grant Date. Vesting is subject to the provisions of the Plan and the CSRU grant agreement. CRSUs may be settled solely in cash. Each CRSU is the economic equivalent of one share of common stock of the issuer.