Matthew Coffman - Nov 13, 2023 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Role: Principal Accounting Officer
Signature: /s/ Jared Vitemb, Attorney-in-fact for Matthew Coffman
Stock symbol: FARM
Transactions as of: Nov 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/14/2023, 02:13 PM
Previous filing: Nov 3, 2023
Next filing: Nov 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FARM	Common Stock	Award	$0	+50K	+330.53%	$0.00	65.1K	Nov 13, 2023	Direct	F1
holding	FARM	Common Stock						4.39K	Nov 13, 2023	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	+40K	+768.05%	$0.00	45.2K	Nov 13, 2023	Common Stock	40K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units ("RSUs") under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), which were granted effective November 13, 2023 ("Grant Date"). The RSUs will vest in three equal installments on each of the first three anniversaries of the Grant Date, beginning on November 13, 2024, and will settle in common stock upon vesting, subject to the reporting person's continued service to the Company and the acceleration provisions of the Plan and RSU grant agreement.
F2	Represents a grant of cash based restricted stock units ("CRSUs") under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), which were granted on November 13, 2023 ("Grant Date"). The CRSUs will vest in three equal annual installments on each of the first three anniversaries of the Grant Date, beginning on November 13, 2024, and will settle solely in cash upon vesting. Vesting is subject to the reporting person's continued service to the Company and the provisions of the Plan and CRSU grant agreement. Each CRSU is the economic equivalent of one share of common stock of the Company.

Content

Represents a grant of restricted stock units ("RSUs") under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), which were granted effective November 13, 2023 ("Grant Date"). The RSUs will vest in three equal installments on each of the first three anniversaries of the Grant Date, beginning on November 13, 2024, and will settle in common stock upon vesting, subject to the reporting person's continued service to the Company and the acceleration provisions of the Plan and RSU grant agreement.

Represents a grant of cash based restricted stock units ("CRSUs") under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), which were granted on November 13, 2023 ("Grant Date"). The CRSUs will vest in three equal annual installments on each of the first three anniversaries of the Grant Date, beginning on November 13, 2024, and will settle solely in cash upon vesting. Vesting is subject to the reporting person's continued service to the Company and the provisions of the Plan and CRSU grant agreement. Each CRSU is the economic equivalent of one share of common stock of the Company.