Form 4: Farmer Brothers Co. Executive Settles Restricted Stock Units for Cash

Matthew Coffman, Principal Accounting Officer of Farmer Brothers Co., settled cash-settled restricted stock units for cash on November 1, 2024.

Summary

• On November 1, 2024, Matthew Coffman, the Principal Accounting Officer of Farmer Brothers Co., engaged in a transaction involving the settlement of cash-settled restricted stock units.
• Coffman settled 2,604 cash-settled restricted stock units, receiving cash based on the closing price of Farmer Brothers Co.'s common stock on that date.
• The transaction resulted in a decrease of 634 common stock shares due to tax withholding at a price of $1.85.
• Following the reported transactions, Coffman directly owns 64,493 shares of common stock and indirectly owns 5,855.183 shares through the company's 401(k) plan, as of November 1, 2024.
• The cash-settled restricted stock units vested on November 1, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine executive stock transaction.

Key Dates