Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FARM | Common Stock | Award | $0 | +17.6K | +56.64% | $0.00 | 48.6K | Nov 1, 2022 | Direct | F1 |
holding | FARM | Common Stock | 2.26K | Nov 1, 2022 | Held in Company's 401(k) Plan |
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 | +17.6K | $0.00 | 17.6K | Nov 1, 2022 | Cash-Settled Restricted Stock Units | 17.6K | Direct | F2 |
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 stocks 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. |