Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FARM | Common Stock | Award | $0 | +60K | $0.00 | 60K | Jul 1, 2024 | Direct | F1 | |
transaction | FARM | Common Stock | Award | $0 | +40K | +66.67% | $0.00 | 100K | Jul 1, 2024 | Direct | F2 |
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. |