Ferguson Robert D 4

What Happened
Robert D. Ferguson, Chief Product Supply Officer at J.M. Smucker Company (SJM), was granted 2,992 restricted shares on March 20, 2026. The grant is reported on a Form 4 at a reported acquisition price of $0.00 (award/grant).

Key Details

• Transaction date: 2026-03-20 (Form 4 filed 2026-03-23). Transaction code: A (award/grant).
• Amount: 2,992 shares; reported price: $0.00.
• Vesting: Per footnote, the restricted stock vests in three equal annual installments beginning March 20, 2027.
• Footnote: The reported amount includes shares acquired under the company’s dividend reinvestment plan as administered by the transfer agent.
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was a restricted stock award (not an open-market purchase or sale). Such grants are commonly used for executive compensation and align management and shareholder interests over the vesting period; they are not immediately liquid until vested. The filing shows the grant details and vesting schedule but does not indicate any immediate sale or exercise.