Abramo Mercedes 4

What Happened
Mercedes Abramo, a director of J.M. Smucker Co. (SJM), was granted 217.66 deferred stock units on 2026-07-01. The units were issued as an award (reported at $0.00) and are recorded as derivative securities rather than an immediate purchase of common stock.

Key Details

• Transaction date and type: 2026-07-01 — Grant/Award (code A) of 217.66 units at $0.00.
• Report filed: 2026-07-02 (timely filing).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes:
  • F1 — These Deferred Stock Units (DSUs) are payable in common shares on a 1-for-1 basis following termination of director services.
  • F2 — The filing notes the amount includes shares acquired under the company’s dividend reinvestment plan as administered by the transfer agent.
• Nature of the instrument: Derivative (deferred units), not immediate common-share issuance or cash purchase.

Context
Deferred stock units are a common form of director compensation that convert into ordinary shares (here, 1-for-1) upon the director’s departure or at a later payout date. Because these are awards and not open-market purchases, they represent future entitlement to shares rather than an immediate market investment signal. The grant was reported promptly the next day.