Brad Bollner - Oct 1, 2023 Form 3 Insider Report for FARMER BROTHERS CO (FARM)

Signature
/s/ Jared Vitemb, Attorney-in-fact for Brad Bollner
Stock symbol
FARM
Transactions as of
Oct 1, 2023
Transactions value $
$0
Form type
3
Date filed
10/3/2023, 05:14 PM
Next filing
Nov 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FARM Common Stock 11.7K Oct 1, 2023 Direct F1
holding FARM Common Stock 1.64K Oct 1, 2023 Held in the Company's 401(k) Plan

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
holding FARM Cash-Settled Restricted Stock Units Oct 1, 2023 Common Stock 11.7K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs") under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), which were granted on November 1, 2022 ("Grant Date"). The RSUs will vest in three equal annual installments on each of the first three anniversaries of the Grant Date, beginning on November 1, 2023, and will settle in common stock upon vesting, subject to the reporting person's continued service to the Company and the provisions of the Plan and RSU grant agreement.
F2 Represents a grant of cash based restricted stock units ("CRSUs") under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), which were granted on November 1, 2022 ("Grant Date"). The CRSUs will vest in three equal annual installments on each of the first three anniversaries of the Grant Date, beginning on November 1, 2023, and will settle solely in cash upon vesting. Vesting is subject to the reporting person's continued service to the Company and the provisions of the Plan and CRSU grant agreement. Each CRSU is the economic equivalent of one share of common stock of the Company.