Vance R. Fisher - 01 Jul 2024 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Signature
/s/ Jared Vitemb, Attorney-in-fact for Vance R. Fisher
Issuer symbol
FARM
Transactions as of
01 Jul 2024
Net transactions value
$0
Form type
4
Filing time
02 Jul 2024, 17:28:33 UTC
Previous filing
11 Jun 2024
Next filing
03 Jul 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARM Common Stock Award $0 +60,000 $0.000000 60,000 01 Jul 2024 Direct F1
transaction FARM Common Stock Award $0 +40,000 +67% $0.000000 100,000 01 Jul 2024 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. 2020 Inducement Incentive Plan (the "Plan"), which were granted effective July 1, 2024 ("Grant Date"). The RSUs will vest in three equal installments on each of the first three anniversaries of the Grant Date, beginning on July 1, 2025, 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 restricted stock units ("RSUs") under the 2017 Long-Term Incentive Plan (the "2017 Plan"), which were granted effective July 1, 2024 ("Grant Date"). The RSUs will vest in three equal installments on each of the first three anniversaries of the Grant Date, beginning on July 1, 2025, 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 2017 Plan and RSU grant agreement.