Luca Fabbri - 18 Feb 2025 Form 4 Insider Report for Farmland Partners Inc. (FPI)

Role
President and CEO, Director
Signature
/s/ Justin R. Salon, as attorney-in-fact for Luca Fabbri
Issuer symbol
FPI
Transactions as of
18 Feb 2025
Net transactions value
$0
Form type
4
Filing time
20 Feb 2025, 20:54:36 UTC
Previous filing
06 Aug 2024
Next filing
26 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPI Common Stock Award $0 +39,129 +12% $0.000000 360,473 18 Feb 2025 Direct
holding FPI Common Stock 4,043 18 Feb 2025 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 +5,589 +96% $0.000000 11,406 18 Feb 2025 Common Stock 5,589 Direct F1, F2
transaction FPI Performance Stock Units Award $0 +5,589 +96% $0.000000 11,406 18 Feb 2025 Common Stock 5,589 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As part of Mr. Fabbri's bonus compensation for the year ended December 31, 2024, he received a grant of 39,129 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 grant.
F2 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, 2024. 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.
F3 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, 2024. 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.