J M Smucker (SJM) CPO Jill Penrose Sells 1,461 Shares

What Happened
Jill R. Penrose, Chief People Officer of J M Smucker Co (SJM), had 1,461 shares of Smucker common stock withheld by the company to satisfy tax withholding obligations upon the vesting of restricted stock. The withholding was recorded as a disposition at $131.42 per share, totaling $192,005.

Key Details

• Transaction date: 2026-09-01; filing date (Form 4): 2026-09-02 (appears timely).
• Transaction type/code: F — company withheld shares to satisfy tax liability (not an open-market sale).
• Price and value: 1,461 shares × $131.42 = $192,005 (reported).
• Shares owned after transaction: not specified in the provided Form 4 excerpt.
• Footnotes:
  • F1 — Shares withheld by the Company to satisfy tax liability upon vesting of restricted stock under the 2020 Equity and Incentive Compensation Plan.
  • F2 — The reported holding amount also includes shares acquired via the Company's 401(k) and dividend reinvestment plan since the last ownership report.

Context
This was a tax-withholding disposition tied to vesting of restricted stock (a routine administrative action), not a discretionary open-market sale. Such withholdings are common and generally reflect compensation settlement and tax requirements rather than a signal about the insider’s market view.