J M SMUCKER (SJM) Chief Product Supply Officer Robert Ferguson Sells Shares

What Happened

• Robert D. Ferguson, Chief Product Supply Officer at J M Smucker Co. (SJM), disposed of a total of 3,643 Smucker shares across two transactions. On 2026-08-31 he sold 2,522 shares in an open-market sale at $132.41 per share for $333,938. On 2026-09-01, 1,121 shares were withheld by the company to cover tax liabilities related to the vesting of restricted stock at an implied value of $131.42 per share ($147,322). The activity consists of a routine open-market sale plus tax-withholding on RSU vesting.

Key Details

• Transaction dates and prices:
  • 2026-08-31: Open-market sale (S) — 2,522 shares @ $132.41 = $333,938
  • 2026-09-01: Tax withholding on RSU vesting (F) — 1,121 shares @ $131.42 = $147,322
• Total shares disposed: 3,643; total value ≈ $481,260.
• Footnotes:
  • F1: Shares were withheld by the company to satisfy tax liability on vested restricted stock under the 2020 Equity and Incentive Compensation Plan.
  • F2: Filing notes include shares acquired since last report via the company 401(k) and dividend reinvestment plan.
• Shares owned after the transactions: not specified in the Form 4 filing.
• Filing: Report filed 2026-09-02 for transactions on 2026-08-31 and 2026-09-01 — appears timely (within the typical 2-business-day Form 4 window).

Context

• The 1,121-share disposition is a tax-withholding event tied to RSU vesting (not an open-market sale). The 2,522-share sale was an open-market transaction. Such insider sales can be routine (liquidity/tax needs) and do not by themselves indicate management view of the company’s outlook.