John Good
About John A. Good
John A. Good, age 67, is an independent director of Farmland Partners Inc. (FPI) serving since January 21, 2018; he is a nationally recognized corporate and securities lawyer and experienced REIT executive, with a B.B.A. in accounting (University of Memphis, 1980), CPA designation, and J.D. with honors (University of Memphis School of Law, 1987) . Good currently serves as Audit Committee chair and is designated the Audit Committee financial expert, reflecting deep financial oversight credentials .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Jernigan Capital, Inc. (NYSE: JCAP) | President & COO; Director | Since June 2015 (prior to becoming CEO) | Led REIT operations; capital deployment in self-storage development |
| Morrison & Foerster LLP | Partner; Co-head REIT practice | Prior to joining Jernigan Capital (dates not specified) | Advised public company boards; corporate finance and governance |
| Bass, Berry & Sims PLC | Partner; Head REIT practice; Executive Committee member | 1999–2013 | Lead counsel on >200 securities offerings raising >$25B; extensive governance work |
| Baker, Donelson, Bearman, Caldwell & Berkowitz P.C. | Stockholder; Chair securities & M&A practice | Prior to Bass, Berry & Sims (dates not specified) | Led corporate finance/M&A mandates |
External Roles
| Organization | Role | Tenure/Start | Notes |
|---|---|---|---|
| NexPoint Storage Partners, Inc. (formerly Jernigan Capital, Inc.) | Chief Executive Officer | Since Oct 2018 | REIT focused on self-storage developers |
| VineBrook Homes Trust, Inc. | Chief Executive Officer | Since 2024 | Single-family rental REIT |
| VineBrook Homes, Inc. | President | Since Nov 2024 | SFR operating platform |
| NAREIT | Active member | Since 1994 | Industry engagement |
| Chambers USA | Nationally ranked REIT lawyer | Noted (year not specified) | Recognition for REIT expertise |
Board Governance
| Committee | Assignment | Role |
|---|---|---|
| Audit Committee | Member | Chair; Audit Committee financial expert |
| Compensation Committee | Member | Member |
| Nominating & Corporate Governance Committee | Member | Member |
- Independence: The Board affirmatively determined Good is independent under NYSE and SEC rules .
- Board leadership: FPI has an Executive Chairman (Pittman) and a CEO (Fabbri); lead independent director is Jennifer S. Grafton (not Good) .
- Attendance: In FY 2024 the Board met 4 times; each director attended at least 75% of Board and committee meetings; all directors attended the 2024 annual meeting .
- Committee activity: Audit met 6 times; Compensation met 3 times; Nominating & Corporate Governance met 3 times in FY 2024 .
- Executive sessions: Independent directors meet regularly in executive session without management .
- Governance policies: FPI maintains a related party transaction approval policy overseen by the Audit Committee and a Compensation Recoupment Policy applicable to awards .
Fixed Compensation
| Component (Independent Directors) | Annual Amount | Notes |
|---|---|---|
| Base director retainer (cash) | $37,500 | Applies to each independent director |
| Committee service (cash) | $2,500 | Flat amount regardless of number of committees |
| Audit Committee chair fee | $7,500 | Additional to retainer |
| Compensation Committee chair fee | $5,000 | Additional to retainer |
| Nominating & Governance chair fee | $2,500 | Additional to retainer |
| Lead independent director | $7,500 (with offsets if also Audit Chair) | Not applicable to Good (held by Grafton) |
| John A. Good — 2024 Director Compensation | Amount (USD) | Detail |
|---|---|---|
| Fees Paid in Cash | $47,500 | Base + chair/service fees |
| Awards (grant-date fair value) | $43,160 | Restricted shares granted Apr 29, 2024 |
| Stock Compensation (dividends on unvested RS) | $1,560 | Dividends on unvested restricted stock |
| Total | $92,220 | Sum of above |
Performance Compensation
- Director equity grants: Restricted shares of common stock; Good received an April 29, 2024 grant with aggregate grant-date fair value of $43,160 (computed under FASB ASC 718); director grants are disclosed as restricted stock with dividends accruing on unvested shares; no director-specific performance metric disclosures are provided in the proxy .
| Director Equity Award (2024) | Grant Date | Instrument | Grant-Date Fair Value |
|---|---|---|---|
| John A. Good | Apr 29, 2024 | Restricted stock | $43,160 |
Other Directorships & Interlocks
| Company | Role | Sector | Interlock/Notes |
|---|---|---|---|
| NexPoint Storage Partners, Inc. | CEO | REIT – Self-storage | Executive role alongside FPI directorship |
| VineBrook Homes Trust, Inc. | CEO | REIT – Single-family rental | Executive role at SFR REIT |
| VineBrook Homes, Inc. | President | SFR operations | Executive role since Nov 2024 |
- Potential conflicts: The Board evaluated independence; Good is independent despite executive roles at other REITs; FPI’s related party transaction policy requires review/approval of any transactions with directors; no related-party transactions involving Good are disclosed .
Expertise & Qualifications
- Audit & finance: Audit Committee financial expert; CPA credential; extensive REIT and capital markets track record (lead counsel on >200 offerings raising >$25B over 25 years) .
- Legal/governance: Long-tenured REIT practice leadership across major firms; Chambers USA national ranking for REIT industry .
- Industry experience: Active in NAREIT since 1994; CEO roles in REITs spanning self-storage and single-family rental sectors .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| John A. Good | 105,465 | <1% | As of record date Mar 10, 2025 |
- Ownership alignment: Stock ownership guidelines require non-employee directors to hold at least $100,000 in FPI stock; as of Dec 31, 2024, each non-employee director met/exceeded guidelines .
Insider Trades
| Date | Type | Shares | Price/Value | Source |
|---|---|---|---|---|
| Aug 9, 2024 | Purchase | 24,000 | Total ~$243,573 | (includes SEC link) |
| Dec 19, 2024 | Purchase | 15,000 | Price ~$12.23 on report date context | (SEC Form 4 link inside) |
- Additional Form 4 activity: An SEC Form 4 was filed for a transaction dated Nov 10, 2025 (see SEC index) .
Governance Assessment
- Strengths: Independent director with deep REIT finance/legal expertise; chairs Audit Committee and serves as the designated financial expert; solid engagement with committee workloads (Audit met 6x, Comp 3x, NomGov 3x); equity ownership meets FPI’s director guideline, supporting alignment .
- Risks/Red Flags: Concurrent CEO roles at other REITs (NexPoint Storage Partners; VineBrook Homes Trust; President of VineBrook Homes, Inc.) present potential time-commitment considerations; however, independence is affirmed and no related-party transactions involving Good are disclosed; FPI maintains a robust related party review policy and clawback/recoupment framework .
- Compensation structure: Director pay mix balances fixed cash retainers/chair fees with annual restricted stock grants; 2024 total compensation for Good was $92,220, with ~$47.5K cash and ~$43.2K equity, indicating reasonable board-level pay with equity alignment; no director-specific performance metrics are disclosed for equity awards .
Overall signal: Good’s audit leadership, verified independence, and meaningful stock ownership support investor confidence; monitor ongoing external executive commitments for potential capacity constraints, and continue to track insider buying as a positive alignment indicator .