Paul A. Pittman - Mar 4, 2024 Form 4 Insider Report for Farmland Partners Inc. (FPI)

Signature
/s/ Justin R. Salon, as attorney-in-fact for Paul A. Pittman
Stock symbol
FPI
Transactions as of
Mar 4, 2024
Transactions value $
$0
Form type
4
Date filed
3/6/2024, 08:18 PM
Previous filing
Sep 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPI Common Stock Award $0 +66.9K +5.16% $0.00 1.37M Mar 4, 2024 Direct F1
holding FPI Common Stock 1.27M Mar 4, 2024 By LLC F2
holding FPI Common Stock 5.3K Mar 4, 2024 By Spouse
holding FPI Common Stock 1.2K Mar 4, 2024 By daughter, Allison Pittman
holding FPI Common Stock 1.1K Mar 4, 2024 As UMTA Custodian for daughter, Catherine Pittman

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 +9.56K $0.00 9.56K Mar 4, 2024 Common Stock 9.56K Direct F3
transaction FPI Performance Stock Units Award $0 +9.56K $0.00 9.56K Mar 4, 2024 Common Stock 9.56K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As part of Mr. Pittman's bonus compensation for the year ended December 31, 2023, he received a grant of 66,943 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.
F2 The shares are held by PJAC Farmland Partners, LLC, an entity controlled by the Reporting Person.
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.