Farmland Partners (FPI) chair forfeits shares to cover tax on vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Farmland Partners Inc. Executive Chairman Paul A. Pittman reported a tax-withholding disposition of 2,142 shares of common stock on February 24, 2026 at $12.62 per share. The shares were forfeited to satisfy tax obligations upon vesting of restricted stock, and he now holds 1,655,233 shares directly, plus additional indirect holdings through an LLC and family accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Pittman Paul A
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,142 | $12.62 | $27K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,655,233 shares (Direct);
Common Stock — 1,271,500 shares (Indirect, By LLC)
Footnotes (1)
- These shares were forfeited to satisfy Mr. Pittman's tax obligations in connection with the vesting of restricted shares of common stock. The shares are held by PJAC Farmland Partners, LLC, an entity controlled by the Reporting Person.
FAQ
What insider transaction did FPI Executive Chairman Paul Pittman report?
Paul A. Pittman reported a tax-withholding disposition of 2,142 Farmland Partners (FPI) common shares. The shares were forfeited to cover tax obligations triggered by the vesting of restricted stock, rather than sold in an open-market transaction.
Was Paul Pittman’s FPI transaction an open-market sale or a tax event?
The transaction was a tax event, not an open-market sale. Shares were forfeited to satisfy Pittman’s tax obligations related to vesting restricted stock, classified as a tax-withholding disposition rather than a discretionary sale into the market.
What does transaction code F mean in Paul Pittman’s FPI filing?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In Paul Pittman’s Farmland Partners filing, it reflects surrendering 2,142 shares to cover taxes owed upon the vesting of restricted common stock awards.