Lyon Scott R 4
4 · FARMER BROTHERS CO · Filed Dec 11, 2020
Insider Transaction Report
Form 4
Lyon Scott R
Int Principal Fin & Acct Off
Transactions
- Award
Common Stock
2020-12-09+8,700→ 17,350 total - Award
Cash-Settled Restricted Stock Units
2020-12-09+8,700→ 8,700 total→ Common Stock (8,700 underlying)
Holdings
- 1,530.261(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Grant of restricted stock under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), granted on December 9, 2020 ("Grant Date"); the restricted stock 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.