Insider at Farmland Partners (NYSE: FPI) forfeits shares for tax bill
Rhea-AI Filing Summary
Farmland Partners Inc. General Counsel and Secretary Christine M. Garrison reported a Form 4 transaction involving company common stock. On the reported date, 892 shares were forfeited to satisfy her tax obligations tied to the vesting of restricted stock, a tax-withholding disposition rather than an open-market sale. After this transaction, she directly holds 40,406 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 892 shares
Net Sell
1 txn
Insider
Garrison Christine M.
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 892 | $12.97 | $12K |
Holdings After Transaction:
Common Stock — 40,406 shares (Direct)
Footnotes (1)
- F1. These shares were forfeited to satisfy Ms. Garrison's tax obligations in connection with the vesting of restricted shares of common stock.
FAQ
What insider transaction did FPI's Christine M. Garrison report on this Form 4?
Christine M. Garrison reported a tax-withholding disposition of 892 shares of Farmland Partners Inc. common stock. The shares were forfeited to cover taxes arising from the vesting of restricted stock, rather than sold in the open market.
What does transaction code F mean in the Farmland Partners (FPI) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 892 Farmland Partners shares were forfeited to meet Christine M. Garrison’s tax obligations from restricted stock vesting, not from an open-market sale.
Was the FPI insider transaction a market sale of common stock?
No, the Form 4 describes a tax-withholding disposition, not a market sale. The 892 shares of Farmland Partners common stock were forfeited to cover Christine M. Garrison’s tax obligations related to restricted shares that vested, per the accompanying footnote.
What role does Christine M. Garrison hold at Farmland Partners (FPI)?
Christine M. Garrison is identified as General Counsel and Secretary of Farmland Partners Inc. Her Form 4 filing reports a tax-withholding disposition of 892 common shares, leaving her with 40,406 directly owned shares after the transaction.
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