Farmland Partners (FPI) chair Pittman received 45,687 shares

Insider transactions reported

Paul A Pittman (Executive Chairman at Farmland Partners Inc., FPI) reported that they received 45,687 shares on Feb 18, 2025. After these transactions the filing shows 1,632,550 shares held directly.

Reporting person

Pittman Paul A

Role

Executive Chairman

Options and other derivatives

Holdings before and after

• Common Stock: 1,586,863 to 1,632,550 direct
• Performance Stock Units: 9,563 to 16,089 direct

Other positions listed

• Common Stock: 1,271,500 indirect, By LLC
• Common Stock: 5,300 indirect, By Spouse
• Common Stock: 1,200 indirect, By daughter, Allison Pittman
• Common Stock: 1,100 indirect, As UMTA Custodian for daughter, Catherine Pittman

Footnotes from the filing

1. 1. As part of Mr. Pittman's bonus compensation for the year ended December 31, 2024, he received a grant of 45,687 restricted shares of common stock pursuant to the Farmland Partners Inc. Third Amended and Restated 2014 Equity Incentive Plan, which shares will vest ratably on each of the first three anniversaries of the date of the grant.
2. 2. Reflects a correction in the total amount of Common Stock held by Mr. Pittman. In the Reporting Person's Form 4 filed on March 7, 2022, the total amount of Common Stock held by Mr. Pittman should have been reported as 1,316,722 shares rather than 1,095,307 shares.
3. 3. Reflects a correction in the total amount of Common Stock held indirectly by Mr. Pittman through PJAC Farmland Partners, LLC, an entity controlled by the Reporting Person. In the Reporting Person's Form 4 filed on March 7, 2022, the total amount of Common Stock held indirectly by Mr. Pittman through PJAC Farmland Partners, LLC should have been reported as 1,262,500 shares rather than 1,258,000 shares.
4. 4. The shares are held by PJAC Farmland Partners, LLC, an entity controlled by the Reporting Person.
5. 5. Represents Performance Stock Units ( PSUs ) granted to the reporting person pursuant to the Third Amended and Restated 2014 Equity Incentive Plan. Each PSU represents a contingent right to receive one share of common stock. The PSUs will be eligible to be earned by the reporting person based on the achievement by Farmland Partners Inc. with respect to an absolute total shareholder return ( TSR ) performance goal over a three-year performance period beginning on December 31, 2024. The number of PSUs indicated reflects the target number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 150% of such target number.
6. 6. Represents PSUs granted to the reporting person pursuant to the Third Amended and Restated 2014 Equity Incentive Plan. Each PSU represents a contingent right to receive one share of common stock. The PSUs will be eligible to be earned by the reporting person based upon Farmland Partners Inc.'s relative TSR compared to the TSR of the companies in the MSCI US REIT Net Total Return Index over a three year performance period beginning on December 31, 2024. The number of PSUs indicated reflects the target number of PSUs granted to the reporting person and the number of PSUs earned could range from 0% to 150% of such target number.

Transaction codes in this filing

Grant or award:

Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.

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