Sanfilippo (JBSS) CFO earns 159% performance share award
Rhea-AI Filing Summary
SANFILIPPO JOHN B & SON INC (JBSS) reported that its CFO & EVP, Finance and Admin, Frank S. Pellegrino, acquired 2,584 shares of common stock through an earned award of Performance Stock Units (PSUs) previously granted under the 2023 Omnibus Incentive Plan. The PSUs were earned at 159% of the target after performance criteria were certified by the Compensation and Human Resources Committee on August 18, 2026. Subject to conditions, these PSUs are scheduled to vest and become generally payable in shares on November 12, 2028, bringing Pellegrino’s directly held common stock to 37,882 shares following this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,584 shares
Net Buy
1 txn
Insider
Pellegrino Frank S
Role
CFO & EVP, Finance and Admin
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 2,584 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 37,882 shares (Direct)
Footnotes (1)
- F1. These shares represent an award of Performance Stock Units ("PSUs") previously granted under the John B. Sanfilippo & Son, Inc. 2023 Omnibus Incentive Plan that were earned by the Reporting Person upon the achievement of certain performance criteria, as certified by the Compensation and Human Resources Committee of the Company's Board of Directors on August 18, 2026. Based on the Company's performance against the criteria, 159% of the target PSUs were earned. Each PSU represents the contingent right to receive one share of the Company's common stock upon vesting. Subject to certain conditions, these PSUs are scheduled to vest on November 12, 2028. These PSUs, once vested, will generally be eligible to be paid in an equivalent number of shares of the Company's common stock on November 12, 2028.
Key Figures
Shares acquired via PSUs: 2,584 shares
Price per share for PSU conversion: $0.0000 per share
Common shares held after transaction: 37,882 shares
+3 more
6 metrics
Shares acquired via PSUs
2,584 shares
Common stock received from earned Performance Stock Units on August 18, 2026
Price per share for PSU conversion
$0.0000 per share
PSU award converted into common stock at no cash cost to the executive
Common shares held after transaction
37,882 shares
Direct JBSS common stock ownership by Frank S. Pellegrino following the award
PSUs earned vs. target
159% of target PSUs
Certified by Compensation and Human Resources Committee based on company performance
Vesting date for PSUs
November 12, 2028
Scheduled vesting and general payment date for the Performance Stock Units
Certification date
August 18, 2026
Date committee certified performance criteria and PSU earning level
Key Terms
Performance Stock Units, 2023 Omnibus Incentive Plan, contingent right, vesting
4 terms
Performance Stock Units financial
"These shares represent an award of Performance Stock Units ("PSUs") previously granted"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
2023 Omnibus Incentive Plan financial
"previously granted under the John B. Sanfilippo & Son, Inc. 2023 Omnibus Incentive Plan"
contingent right financial
"Each PSU represents the contingent right to receive one share of the Company's"
vesting financial
"Subject to certain conditions, these PSUs are scheduled to vest on November 12, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What transaction did JBSS executive Frank S. Pellegrino report on this Form 4?
Frank S. Pellegrino reported acquiring 2,584 shares of SANFILIPPO JOHN B & SON INC (JBSS) common stock via earned Performance Stock Units. These PSUs were previously granted under the 2023 Omnibus Incentive Plan and converted into common stock based on certified performance results.
How were the reported PSUs for JBSS’s CFO earned?
The PSUs were earned when JBSS’s Compensation and Human Resources Committee certified that performance criteria had been met, resulting in 159% of the target PSUs being earned. This certification occurred on August 18, 2026, triggering the award amount reported.
When will the JBSS PSUs reported by Frank S. Pellegrino vest and be payable?
Subject to certain conditions, the PSUs are scheduled to vest on November 12, 2028 and will generally be eligible to be paid in an equivalent number of JBSS common shares on that same date. Until vesting, they remain a contingent right to receive stock.
What is Frank S. Pellegrino’s JBSS common stock holding after this Form 4 transaction?
After this award, Frank S. Pellegrino directly holds 37,882 shares of JBSS common stock. This total reflects the addition of 2,584 shares earned from Performance Stock Units as disclosed in the Form 4 filing.
What compensation plan governs the PSUs reported in the JBSS Form 4?
The PSUs were granted under the John B. Sanfilippo & Son, Inc. 2023 Omnibus Incentive Plan. Under this plan, each Performance Stock Unit represents a contingent right to receive one share of JBSS common stock upon vesting, based on achievement of specified performance criteria.
AI-generated analysis. How Rhea-AI works. Not financial advice.
