JONES RANDALL T 4

What Happened
Randall T. Jones, Executive Chairman of Publix Super Markets, reported several transactions between Jan 7 and May 28, 2026. Key items: he was granted 13,114.276 derivative SERP shares valued at $257,696 (grant on 2026-03-02 at $19.65); he received two gifts totaling 2,861 shares (931 shares on 2026-01-07 at $20.40 = $18,992; 1,930 shares on 2026-02-18 at $20.40 = $39,372); and on 2026-05-28 the filing shows both a disposition and an acquisition of 12,187.435 shares at $20.45 each (each side reported at $249,233). Gifts and the SERP award are acquisitions; the May 28 paired disposal/acquisition appears to be an administrative transfer or reclassification (both sides reported).

Key Details

• Transaction dates and prices:
  • 2026-01-07: Gift (G) — 931 sh @ $20.40 = $18,992 (F1: 401(k) SMART Plan)
  • 2026-02-18: Gift (G) — 1,930 sh @ $20.40 = $39,372 (F2: Employee Stock Ownership Plan)
  • 2026-03-02: Grant/Award (A, derivative) — 13,114.276 sh @ $19.65 = $257,696 (F3: SERP stock — derivative)
  • 2026-05-28: Other (J) — 12,187.435 sh disposed @ $20.45 = $249,233
  • 2026-05-28: Other (J) — 12,187.435 sh acquired @ $20.45 = $249,233
• Shares owned after transaction: Not disclosed in the provided filing.
• Notable footnotes:
  • F1: Acquisition via Publix 401(k) SMART Plan (exempt under Rule 16b-3(c)).
  • F2: Acquisition via Publix ESOP (exempt under Rule 16b-3(c)).
  • F3: SERP stock is the economic equivalent of common stock and converts to common shares upon termination per the Supplemental Executive Retirement Plan.
• Filing timeliness: Form filed 2026-06-01 covering transactions from Jan–May 2026; Form 4s are normally due within 2 business days of a transaction, so this filing appears to cover earlier activity and may be late.

Context

• Gifts do not necessarily indicate insider sentiment about the stock — they are often plan-based transfers or personal gifts.
• The 13,114.276-share item is a derivative SERP award (economic equivalent of common shares) that becomes payable in common stock upon the reporting person’s termination, per footnote F3.
• The paired disposal and acquisition on 2026-05-28 likely reflect an internal transfer, reclassification, or plan movement rather than an open‑market sale; the filing shows both sides at the same price and value.