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 |
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 |
Id | Content |
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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. |