BUTTS LAMPKIN 4
4 · SANDERSON FARMS INC · Filed Jan 3, 2020
Insider Transaction Report
Form 4
BUTTS LAMPKIN
DirectorPresident and COO
Transactions
- Award
Performance Shares
2020-01-03+1,074→ 1,074 total→ Common Stock (1,074 underlying)
Holdings
- 109,332
Common Stock
- 9.451(indirect: Allocated to Reporting Person's Account in Issuer ESOP.)
Common Stock
Footnotes (1)
- [F1]The performance shares were awarded on November 1, 2017. 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, 2019. The performance measures were return on equity and return on sales. On January 3, 2020, 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, 2020.