MATTHEW COFFMAN - 08 Nov 2024 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Signature
/s/ Jared Vitemb, Attorney-in-fact for Matthew Coffman
Issuer symbol
FARM
Transactions as of
08 Nov 2024
Net transactions value
$0
Form type
4
Filing time
12 Nov 2024, 16:57:51 UTC
Previous filing
04 Nov 2024
Next filing
14 Nov 2024

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 +40,000 +94% $0.000000 82,604 08 Nov 2024 Common Stock 40,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of cash-based restricted stock units ("CRSUs") under the 2017 Long-Term Incentive Plan (the "2017 Plan") which were granted effective November 8, 2024 ("Grant Date"). The CRSUs will vest in three equal installments on each of the first three anniversaries of the Grant Date, beginning on November 8, 2025, and will settle solely in cash upon vesting. Vesting is subject to the reporting person's continued service to the Company and the acceleration provisions of the 2017 Plan and CRSU grant agreement. Each CRSU is the economic equivalent of one share of common stock of the Company.