Banks Samuel Dean Jr 4
4 · TYSON FOODS, INC. · Filed Nov 24, 2020
Insider Transaction Report
Form 4
Banks Samuel Dean Jr
Director
Transactions
- Award
Class A Common Stock
2020-11-20+24,695.423→ 41,596.375 total - Award
Class A Common Stock
2020-11-20+13,582.483→ 55,178.858 total - Award
Performance Shares
2020-11-20+98,781.692→ 98,781.692 total→ Class A Common Stock (98,781.692 underlying) - Award
Non-Qualified Stock Options (Right to Buy)
2020-11-20+125,945→ 125,945 totalExercise: $60.74From: 2021-11-20Exp: 2030-11-20→ Class A Common Stock (125,945 underlying)
Footnotes (6)
- [F1]Restricted Stock award of Class A Common Stock which vests on November 20, 2023.
- [F2]Includes 4,927.901 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; 11,973.051 shares of Class A Common Stock which vest on November 18, 2022 if the performance metric described in the applicable Stock Incentive Agreement ("SIA") is achieved and 24,695.423 shares of Restricted Stock which vest on November 20, 2023.
- [F3]Award of restricted stock units ("RSUs") which vest in equal annual increments on each of the first and second anniversary dates of the grant and become fully vested after two years. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F4]Includes 4,927.901 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; 11,973.051 shares of Class A Common Stock which vest on November 18, 2022 if the performance metric described in the applicable SIA is achieved; 13,582.483 RSUs which vest in equal annual installments on each of the first and second anniversary dates of the grant and become fully vested on November 20, 2022; and 24,695.423 shares of Restricted Stock which vest on November 20, 2023.
- [F5]Award of performance Class A Common Stock which vests on November 20, 2023 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 2021-2023) 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 2021-2023) 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.