Williams Katherine Marie 4

What Happened

• Katherine Marie Williams, Chief Marketing Officer of J. M. Smucker Co. (SJM), received three restricted stock awards on 2026-03-20 totaling 9,712 shares (5,000 + 2,000 + 2,712). Each award was reported as acquired at $0.00 (awarded as compensation) on the Form 4 filed 2026-03-23. These are grants of restricted stock rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-03-20; Form 4 filed: 2026-03-23 (appears to be timely under standard Form 4 rules).
• Price reported: $0.00 per share (typical reporting for restricted stock awards); the economic value will depend on SJM's share price at vesting.
• Total shares granted: 9,712.
• Shares owned after transaction: not disclosed in this filing.
• Vesting/footnotes:
  • F1: one special one-time award vests on the third anniversary of the grant (3/20/2029).
  • F2: one special one-time award vests on the fifth anniversary of the grant (3/20/2031).
  • F3: the fiscal 2026 restricted stock award vests in three equal annual installments beginning 3/20/2027 (installments: 3/20/2027, 3/20/2028, 3/20/2029).
• Plan: awards granted pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan.

Context

• These are compensation awards (A = Award/Grant), not purchases; they do not necessarily signal immediate insider conviction to buy or sell stock because vesting and retention conditions apply.
• The awards will only convert to freely tradable shares if and when vesting conditions are met; their eventual value depends on future SJM share price.