Chung Bruce 4

What Happened Bruce Chung, a director of J M Smucker Co. (SJM), received a grant of 228.54 deferred stock units on July 1, 2026. The Form 4 reports these as a derivative award (code A) with an acquisition price of $0.00—this reflects a compensation grant rather than a cash purchase or sale. The filing shows the units were "acquired" as part of director compensation; no immediate cash value is reported on the form.

Key Details

• Transaction date: 2026-07-01 (reported on Form 4 filed 2026-07-02).
• Instrument: 228.54 Deferred Stock Units (derivative award), price reported $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Deferred Stock Units are payable in common shares at a 1-for-1 rate following termination of services as a director.
  • F2: The reported amount includes shares acquired under the company’s dividend reinvestment plan, as administered by its transfer agent.
• Timeliness: filing appears timely (reported the next day); no late filing flag noted.

Context This is a standard director compensation grant (deferred equity) rather than an open-market purchase or sale. Deferred stock units typically vest or convert into actual shares later (here, upon termination of service) and are commonly used for tax deferral and alignment with shareholder interests. Because this is an award, it should not be interpreted as a direct market-view trade by the director.