COCKRELL D MICHAEL 4
4 · SANDERSON FARMS INC · Filed Nov 3, 2020
Insider Transaction Report
Form 4
COCKRELL D MICHAEL
DirectorTreasurer & CFO
Transactions
- Exercise/Conversion
Common Stock
2020-10-31+885→ 106,727 total - Tax Payment
Common Stock
2020-10-31$127.97/sh−368$47,093→ 106,359 total - Tax Payment
Common Stock
2020-11-01$127.97/sh−2,415$309,048→ 103,944 total - Exercise/Conversion
Performance Shares
2020-10-31−885→ 0 total→ Common Stock (885 underlying)
Holdings
- 2,975.191(indirect: Allocated to Reporting Person's Account in Issuer ESOP.)
Common Stock
Footnotes (2)
- [F1]The reported transaction was the vesting of performance shares that 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 was entitled to the number of shares reported in Table II. However, the Reporting Person's performance share agreement provided that the earned shares would not be issued unless the Reporting Person was employed by the Issuer (with some exceptions) for an additional one-year vesting period ending on October 31, 2020. That condition has now been met.
- [F2]Reflects allocations not reported on the Reporting Person's previous ownership report.