COCKRELL D MICHAEL 4/A
4/A · SANDERSON FARMS INC · Filed Nov 4, 2019
Insider Transaction Report
Form 4/AAmended
COCKRELL D MICHAEL
DirectorTreasurer & CFO
Transactions
- Award
Performance Shares
2018-12-27+7,095→ 7,095 total→ Common Stock (7,095 underlying)
Footnotes (1)
- [F1]The performance shares were awarded on November 1, 2016. The award entitled the Reporting Person to a number of shares of common stock based on the Issuer's level of achievement of performance measures over a two-year period ending October 31, 2018. The performance measures were return on equity and return on sales. On December 27, 2018, the Issuer's Compensation Committee determined that based on the Issuer's actual performance, the Reporting Person is entitled to the number of shares reported in Table II. The earned shares are subject to an additional one-year vesting period before they are issued and will vest, as long as the Reporting Person remains continuously employed with the Issuer (with some exceptions), on October 31, 2019.