Luca Fabbri - Mar 3, 2024 Form 4 Insider Report for Farmland Partners Inc. (FPI)

Role
President and CEO
Signature
/s/ Justin Salon, attorney-in-fact for Luca Fabbri
Stock symbol
FPI
Transactions as of
Mar 3, 2024
Transactions value $
$0
Form type
4
Date filed
3/5/2024, 09:48 PM
Previous filing
Feb 27, 2024
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPI Common Stock Tax liability $0 -3.05K -1.07% $0.00 282K Mar 3, 2024 Direct F1
transaction FPI Common Stock Award $0 +40.7K +14.43% $0.00 323K Mar 4, 2024 Direct F2
holding FPI Common Stock 4.04K Mar 3, 2024 By Spouse

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 FPI Performance Stock Units Award $0 +5.82K $0.00 5.82K Mar 4, 2024 Common Stock 5.82K Direct F3
transaction FPI Performance Stock Units Award $0 +5.82K $0.00 5.82K Mar 4, 2024 Common Stock 5.82K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were forfeited to satisfy Mr. Fabbri's tax obligations in connection with the vesting of restricted shares of common stock.
F2 As part of Mr. Fabbri's bonus compensation for the year ended December 31, 2023, he received a grant of 40,724 restricted shares of common stock pursuant to the Farmland Partners Inc. Third Amended and Restated 2014 Equity Incentive Plan, which shares will vest ratably on each of the first three anniversaries of the date of the grant.
F3 Represents Performance Stock Units ("PSUs") granted to the reporting person pursuant to the Third Amended and Restated 2014 Equity Incentive Plan. Each PSU represents a contingent right to receive one share of common stock. The PSUs will be eligible to be earned by the reporting person based on the achievement by Farmland Partners Inc. with respect to an absolute total shareholder return ("TSR") performance goal over a three-year performance period beginning on December 31, 2023. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 150% of such target number.
F4 Represents PSUs granted to the reporting person pursuant to the Third Amended and Restated 2014 Equity Incentive Plan. Each PSU represents a contingent right to receive one share of common stock. The PSUs will be eligible to be earned by the reporting person based upon Farmland Partners Inc.'s relative TSR compared to the TSR of the companies in the MSCI US REIT Net Total Return Index over a three year performance period beginning on December 31, 2023. The number of PSUs indicated reflects the "target" number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 150% of such target number.