Fabbri Luca 4

What Happened
Luca Fabbri, President, CEO and a director of Farmland Partners (FPI), had 4,483 shares forfeited on February 24, 2026 to satisfy tax withholding obligations arising from the vesting of restricted shares. The forfeited shares were valued at approximately $12.62 each, totaling about $56,575. This was a tax-withholding/forfeiture event rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-24
• Transaction type/code: Forfeiture to satisfy tax liability (F)
• Shares affected: 4,483 shares forfeited/disposed
• Price used: $12.62 per share; total value ≈ $56,575
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnote: F1 — shares were forfeited to satisfy Mr. Fabbri's tax obligations in connection with the vesting of restricted common stock
• Filing: Form 4 filed 2026-02-26 (filed within two business days of the transaction; timely)
• Exhibit/remark: See Exhibit 24 — Power of Attorney

Context
Forfeitures to cover tax withholding are common when restricted stock vests and are administrative (not an open-market sale). Such transactions typically reflect payroll tax obligations rather than a decision to liquidate holdings for investment reasons. Purchases and open-market sales can be more informative about an insider’s view of the company; this forfeiture alone should be interpreted as a tax-related, routine event.