4//SEC Filing
MORRIS WES 4
Accession 0000100493-24-000146
CIK 0000100493other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 9:18 PM ET
Size
17.1 KB
Accession
0000100493-24-000146
Insider Transaction Report
Form 4
MORRIS WES
Group President Poultry
Transactions
- Exercise/Conversion
Class A Common Stock
2024-11-18$48.74/sh+22,066$1,075,497→ 35,705.206 total - Award
Class A Common Stock
2024-11-18+12,782.77→ 23,407.575 total - Award
Performance Shares
2024-11-18+25,565.541→ 25,565.541 total→ Class A Common Stock (25,565.541 underlying) - Exercise/Conversion
Non-Qualified Stock Options (Right to Buy)
2024-11-18$48.74/sh−22,066$1,075,497→ 44,130 totalExercise: $48.74From: 2024-11-17Exp: 2033-11-17→ Class A Common Stock (22,066 underlying) - Award
Non-Qualified Stock Options (Right to Buy)
2024-11-18+59,183→ 59,183 totalExercise: $64.54From: 2025-11-18Exp: 2034-11-18→ Class A Common Stock (59,183 underlying) - Tax Payment
Class A Common Stock
2024-11-17$64.32/sh−2,298$147,807→ 13,639.206 total - Sale
Class A Common Stock
2024-11-18$64.71/sh−25,080.401$1,622,867→ 10,624.805 total
Footnotes (5)
- [F1]On November 17, 2024, 5,312.401 shares of restricted Class A Common Stock vested. The restricted shares were previously reported as beneficially owned by the Reporting Person. Pursuant to the terms of the award agreement these shares were withheld by the Issuer to satisfy tax withholding obligations.
- [F2]This is a weighted average price. These shares were sold in multiple transactions on November 18, 2024 at prices ranging from $64.38 to $65.17, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- [F3]Award of restricted stock units (RSUs) which will 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. Each RSU represents a contingent right to receive one share of the Issuers Class A Common Stock.
- [F4]Award of performance Class A Common Stock which will vest on November 18, 2027 if the performance metrics described in the applicable Stock Incentive Agreement (the SIA) are achieved. The performance metrics set forth in the SIAs are: (1) achievement of a three-year (fiscal 2025-2027) 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 2025-2027) 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 none of the performance metrics are achieved, the award expires.
- [F5]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 0001963974
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 9:18 PM ET
- Size
- 17.1 KB