4//SEC Filing
Oleksiuk Mary 4
Accession 0000100493-19-000146
CIK 0000100493other
Filed
Nov 19, 7:00 PM ET
Accepted
Nov 20, 4:37 PM ET
Size
19.2 KB
Accession
0000100493-19-000146
Insider Transaction Report
Form 4
Oleksiuk Mary
EVP & Chief HR Officer
Transactions
- Award
Class A Common Stock
2019-11-18+4,723.272→ 92,608.639 total - Exercise/Conversion
Class A Common Stock
2019-11-18+15,540.854→ 95,073.367 total - Award
Non-Qualified Stock Options (Right to Buy)
2019-11-18+25,358→ 25,358 totalExercise: $89.98From: 2020-11-18Exp: 2029-11-18→ Class A Common Stock (25,358 underlying) - Tax Payment
Class A Common Stock
2019-11-18−3,533→ 79,532.513 total - Tax Payment
Class A Common Stock
2019-11-18−7,188→ 87,885.367 total - Exercise/Conversion
Performance Shares
2019-11-18−29,003.6→ 0 total→ Class A Common Stock (29,003.6 underlying) - Award
Performance Shares
2019-11-18+18,893.088→ 18,893.088 total→ Class A Common Stock (18,893.088 underlying)
Footnotes (9)
- [F1]On November 18, 2019, 7,638.741 shares of restricted Class A Common Stock vested. These shares were previously reported as beneficially owned by the Reporting Person. Pursuant to an election made by the Reporting Person these shares were sold by the Reporting Person to the Issuer to satisfy tax withholding obligations.
- [F2]Includes 25,707.995 shares of Class A Common Stock which vest on February 15, 2020 if the performance metric described in the applicable Stock Incentive Agreement ("SIA") is achieved; 5,366.916 shares of Class A Common Stock which vest on November 13, 2020 if the performance metric described in the applicable SIA is achieved; and 7,306.508 shares of Class A Common Stock which vest on November 29, 2021 if the performance metric described in the applicable SIA is achieved.
- [F3]On November 28, 2016 the Reporting Person received a grant of 29,003.6 performance shares which vested or expired on November 18, 2019 subject to the achievement of performance criteria in the applicable SIA. The performance criteria were (a) a cumulative adjusted earnings before interest and taxes (EBIT) target of $9,365 million for the 2017-2019 fiscal years and (b) a favorable comparison of the Issuer's Class A total shareholder return relative to the total shareholder return of a predetermined peer group of publicly traded companies over the 2017-2019 fiscal years. The performance shares could vest at a level of 50%-200% and were previously reported as derivative securities at the 200% level. On November 18, 2019, 15,540.854 shares vested and are reported herein as acquired non-derivatives securities and the remainder of the award expired.
- [F4]Pursuant to an election made by the Reporting Person, these shares were sold by the Reporting Person to the Issuer on November 18, 2019, to satisfy tax withholding obligations related to the vesting described in footnote 3.
- [F5]Award of Class A Common Stock which vests on November 18, 2022 if the performance metric described in the applicable SIA is achieved. The performance metric is the achievement of a three year (fiscal 2020-2022) cumulative adjusted operating income target as set forth in the SIA. If the performance metric is not achieved, the award expires.
- [F6]Includes 25,707.995 shares of Class A Common Stock which vest on February 15, 2020 if the performance metric described in the applicable SIA is achieved; 5,366.916 shares of Class A Common Stock which vest on November 13, 2020 if the performance metric described in the applicable SIA is achieved; 7,306.508 shares of Class A Common Stock which vest on November 29, 2021 if the performance metric described in the applicable SIA is achieved and 4,723.272 shares of Class A Common Stock which vest on November 18, 2022 if the performance metric described in the applicable SIA is achieved.
- [F7]A portion of these performance shares vested as described in footnote 3. The remainder of the award expired.
- [F8]Award of performance Class A Common Stock which vests on November 18, 2022 if the performance metrics described in the applicable SIA are achieved. The performance metrics set forth in the SIA are (1) achievement of a three year (fiscal 2020-2022) cumulative operating income target and (2) a favorable comparison of the relative total shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over a three year (fiscal 2020-2022) period. Subject to the achievement of the performance metrics, the performance shares could vest at a level of 50 to 200 percent and are reported as derivative securities at the 200 percent level. If neither of the performance metrics are achieved, the award expires.
- [F9]The stock options vest at 33 1/3 percent on each of the first, second, and third anniversary dates of the grant.
Documents
Issuer
TYSON FOODS, INC.
CIK 0000100493
Entity typeother
Related Parties
1- filerCIK 0001497610
Filing Metadata
- Form type
- 4
- Filed
- Nov 19, 7:00 PM ET
- Accepted
- Nov 20, 4:37 PM ET
- Size
- 19.2 KB