J M Smucker (SJM) Director Bruce Chung Receives Deferred Stock Award

What Happened
Bruce Chung, a director of J M Smucker Co (SJM), was granted 274.898 deferred stock units on 2026-04-01. The units were issued at $0.00 (no cash purchase) as a derivative award; the filing treats this as an acquisition (award/grant) of a derivative interest rather than a market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (two days after the transaction).
• Award: 274.898 Deferred Stock Units granted, grant price $0.00; total cash value at grant shown as $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: Deferred Stock Units are payable in common shares on a 1-for-1 basis following termination of services as a director (F1).
• Transaction type: A = Award/Grant of a derivative (not a cash purchase or sale).

Context
Deferred stock units are a common form of director compensation and convert to common shares later (here, after director service ends). Such grants reflect compensation policy rather than an open-market buy/sell signal and should be interpreted accordingly.