Scott R. Lyon - Sep 13, 2021 Form 4 Insider Report for FARMER BROTHERS CO (FARM)

Role
Principal Accounting Officer
Signature
Scott R. Lyon
Stock symbol
FARM
Transactions as of
Sep 13, 2021
Transactions value $
$0
Form type
4
Date filed
9/15/2021, 05:47 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FARM Common Stock Award $0 +6.26K +36.06% $0.00 23.6K Sep 13, 2021 Direct F1
holding FARM Common Stock 2.53K Sep 13, 2021 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
transaction FARM Cash-Settled Restricted Stock Units Award $0 +6.26K +71.91% $0.00 15K Sep 13, 2021 Common Stock 6.26K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), granted on September 13, 2021 ("Grant Date"); the restricted vests pursuant to a three year vesting schedule, whereby one-third of the total number of shares vest each year on the anniversary of the Grant Date ("Vesting Dates"), subject to continued employment with the Company through each Vesting Date and the acceleration provisions of the Plan and restricted stock grant agreement.
F2 The cash-settled restricted stock units will be settled solely in cash. Each cash-settled restricted stock unit is the economic equivalent of one share of common stock of the issuer.
F3 The cash-settled restricted stock units vest in three equal annual installments beginning one year from the transaction date.