Vitemb Jared 4
4 · FARMER BROTHERS CO · Filed Nov 2, 2022
Insider Transaction Report
Form 4
Vitemb Jared
VP, General Counsel
Transactions
- Award
Cash-Settled Restricted Stock Units
2022-11-01+17,578→ 17,578 total→ Cash-Settled Restricted Stock Units (17,578 underlying) - Award
Common Stock
2022-11-01+17,578→ 48,612 total
Holdings
- 2,257.639(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Grant of restricted stock units under Farmer Bros. Co. 2017 Long Term Incentive Plan ("Plan") granted on November 1, 2022 ("Grant Date"), the restricted stocks units will vest 33 1/3% on the first anniversary of the Grant, 33 1/3% on the second anniversary, and 33 1/3% on the third anniversary of the Grant Date. Vesting is subject to the provisions of the Plan and the restricted stock unit grant agreement.
- [F2]Grant of cash based restricted stock units ("CRSUs") under the Farmer Bros. Co. 2017 Long Term Incentive Plan ("Plan") granted on November 1, 2022, the CRSUs will vest 33 1/3% on the first anniversary of the Grant, 33 1/3% on the second anniversary, and 33 1/3% on the third anniversary of the Grant Date. Vesting is subject to the provisions of the Plan and the CSRU grant agreement. CRSUs may be settled solely in cash. Each CRSU is the economic equivalent of one share of common stock of the issuer.