D. Deverl Maserang II - 13 Sep 2023 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Signature
/s/ Jared Vitemb, Attorney-in-fact for D. Deverl Maserang II
Issuer symbol
FARM
Transactions as of
13 Sep 2023
Net transactions value
$0
Form type
4
Filing time
19 Oct 2023, 14:41:39 UTC
Previous filing
18 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARM Common Stock Award $0 +123,453 +50% $0.000000 372,043 13 Sep 2023 Direct F1, F2
transaction FARM Common Stock Gift $0 -198,527 -53% $0.000000 173,516 15 Sep 2023 Direct F3
transaction FARM Common Stock Other $0 -118,919 -69% $0.000000 54,597 01 Oct 2023 Direct F4
holding FARM Common Stock 330,953 13 Sep 2023 Held in the Maserang Living Trust
holding FARM Common Stock 9,209 13 Sep 2023 Held in the Company's 401(k) Plan
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of performance-based restricted stock units pursuant to award for the FY2021-FY2023 performance period.
F2 Since November 2019, the reporting person's direct ownership totals have incorrectly included 13,000 shares owned indirectly by the Maserang Living Trust.
F3 Bona fide gift for no consideration to Maserang Living Trust.
F4 Pursuant to the terms of restricted stock units granted on 9/13/2021 and 11/01/2022, all unvested shares pertaining to those grants (being 37,538 and 117,187 shares, respectively) would be forfeited on separation from service. However, as previously reported on the Issuer's Form 8-K, 35,806 shares relating to the 11/01/2022 grant were accelerated and vested effective 10/1/23. As such, a total of 118,919 shares were forfeited on 10/01/2023 in connection with reporting person's separation from service.