4//SEC Filing
Banks Samuel Dean Jr 4
Accession 0000100493-19-000174
CIK 0000100493other
Filed
Dec 25, 7:00 PM ET
Accepted
Dec 26, 10:39 AM ET
Size
12.8 KB
Accession
0000100493-19-000174
Insider Transaction Report
Form 4
Banks Samuel Dean Jr
Director
Transactions
- Award
Performance Shares
2019-12-23+46,876.03→ 46,876.03 total→ Class A Common Stock (46,876.03 underlying) - Award
Non-Qualified Stock Options (Right to Buy)
2019-12-23+62,926→ 62,926 totalExercise: $91.39From: 2020-12-23Exp: 2029-12-23→ Class A Common Stock (62,926 underlying) - Award
Class A Common Stock
2019-12-23+11,719.006→ 16,542.346 total - Other
Class A Common Stock
2019-12-23+92.521→ 4,823.34 total
Footnotes (6)
- [F1]Represents shares of the Issuer's Class A Common Stock received by the Reporting Person pursuant to the Issuer's dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16a-11.
- [F2]Includes 4,823.34 shares of the Issuer's Class A Common Stock acquired by the Reporting Person pursuant to the Deferred Fee Plan for Directors, which shares shall vest 180 days after termination of the Reporting Person's service as a member of the Issuer's board of directors.
- [F3]Award of Class A Common Stock which vests on November 18, 2022 if the performance metric described in the applicable Stock Incentive Award Agreement (the "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.
- [F4]Includes 4,823.34 shares of the Issuer's Class A Common Stock acquired by the Reporting Person pursuant to the Deferred Fee Plan for Directors, which shares shall vest 180 days after termination of the Reporting Person's service as a member of the Issuer's board of directors and 11,719.006 shares of Class A Common Stock which vest on November 18, 2022 if the performance metric described in the applicable SIA is achieved.
- [F5]Award of performance Class A Common Stock which vests on November 18, 2022 if the performance metrics described in the applicable Stock Incentive Agreement (the "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.
- [F6]These options vest in equal annual increments on each of the first, second and third anniversary dates of the grant and become fully vested after three years.
Documents
Issuer
TYSON FOODS, INC.
CIK 0000100493
Entity typeother
Related Parties
1- filerCIK 0001722101
Filing Metadata
- Form type
- 4
- Filed
- Dec 25, 7:00 PM ET
- Accepted
- Dec 26, 10:39 AM ET
- Size
- 12.8 KB