Farmer Brothers (FARM) Form 4: Jared Vitemb Receives 68,750 RSUs
Rhea-AI Filing Summary
Jared Vitemb, Vice President and General Counsel of Farmer Brothers Co. (FARM), received a grant of 68,750 restricted stock units (RSUs) effective September 15, 2025. The RSUs vest in three equal installments on each of the first three anniversaries of the grant date, beginning September 15, 2026, and will settle in common stock upon vesting, subject to continued service and the plan's acceleration provisions. Following the grant, Mr. Vitemb directly beneficially owns 201,656 shares and indirectly holds 8,547.69 shares through the company 401(k) plan. The Form 4 was signed by the reporting person on September 17, 2025.
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Insights
TL;DR: Routine executive equity grant; increases alignment with shareholders but appears non-material.
The filing documents a standard long-term incentive award: 68,750 RSUs granted to the company's VP and General Counsel under the 2017 Long-Term Incentive Plan. Vesting is time-based over three years and settlement is in common stock, subject to continued service and plan acceleration provisions. The report also shows existing beneficial ownership of 201,656 shares directly and 8,547.69 shares indirectly via the 401(k). This disclosure is typical for executive compensation and does not on its face indicate any change to corporate strategy or extraordinary dilution beyond the stated grant size.
TL;DR: Compensation disclosure is transparent and follows expected SEC reporting norms.
The Form 4 provides the required Section 16 disclosure for an equity award to an officer. The RSU grant terms—three equal annual vesting installments and settlement in common stock—are clearly described and tied to continued service with referenced acceleration provisions governed by the 2017 Plan and the RSU agreement. The filing is signed and dated, meeting procedural requirements for insider reporting. No indication of related-party transactions or departures from standard plan mechanics is present in the filing text.