4//SEC Filing
Stouffer Stephen R 4
Accession 0000100493-20-000166
CIK 0000100493other
Filed
Nov 23, 7:00 PM ET
Accepted
Nov 24, 4:25 PM ET
Size
15.8 KB
Accession
0000100493-20-000166
Insider Transaction Report
Form 4
Stouffer Stephen R
President of Fresh Meats
Transactions
- Other
Class A Common Stock
2020-11-12+350.519→ 3,814.432 total(indirect: Employee Stock Purchase Plan) - Exercise/Conversion
Class A Common Stock
2020-11-20+3,208.729→ 42,638.068 total - Other
Class A Common Stock
2020-09-16+403.13→ 41,596.339 total - Tax Payment
Class A Common Stock
2020-11-20$60.74/sh−1,263$76,715→ 41,375.068 total - Tax Payment
Class A Common Stock
2020-11-20$60.74/sh−2,167$131,624→ 39,429.339 total - Exercise/Conversion
Performance Shares
2020-11-20−20,668.142→ 0 total→ Class A Common Stock (20,668.142 underlying)
Footnotes (8)
- [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 5,509.377 shares of Class A Common Stock which vested on November 13, 2020; 7,500.455 shares of Class A Common Stock which vest on November 29, 2021 if the performance metric described in the applicable Stock Incentive Agreement ("SIA") is achieved and 5,989.507 shares of Class A Common Stock which vest on November 18, 2022 if the performance metric described in the applicable SIA is achieved.
- [F3]Represents shares of the Issuer's Class A Common Stock purchased for the Reporting Person's account under the Issuer's Employee Stock Purchase 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 16b-3.
- [F4]On November 20, 2020, 5,509.377 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, 2,167 shares were sold by the Reporting Person to the Issuer to satisfy tax withholding obligations.
- [F5]Includes 7,500.455 shares of Class A Common Stock which vest on November 29, 2021 if the performance metric described in the applicable SIA is achieved and 5,989.507 shares of Class A Common Stock which vest on November 18, 2022 if the performance metric described in the applicable SIA is achieved.
- [F6]On November 17, 2017 the Reporting Person received a grant of 20,668.142 performance shares which vested or expired on November 20, 2020 subject to the achievement of performance criteria in the applicable SIA. The performance criteria were (a) a cumulative operating income target of $11,326 million for the 2018-2020 fiscal years and (b) a favorable comparison of the relative shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over the 2018-2020 fiscal years. The performance shares could vest at a level of 50%-200% per performance criteria and were previously reported in the aggregate as derivative securities at the 200% level. On November 20, 2020, 3,208.729 shares vested and are reported herein as acquired non-derivatives securities and the remainder of the award expired.
- [F7]Pursuant to an election made by the Reporting Person, these shares were sold by the Reporting Person to the Issuer on November 20, 2020, to satisfy tax withholding obligations related to the vesting described in footnote 6.
- [F8]A portion of these performance shares vested as described in footnote 6. The remainder of the award expired.
Documents
Issuer
TYSON FOODS, INC.
CIK 0000100493
Entity typeother
Related Parties
1- filerCIK 0001592293
Filing Metadata
- Form type
- 4
- Filed
- Nov 23, 7:00 PM ET
- Accepted
- Nov 24, 4:25 PM ET
- Size
- 15.8 KB