Sanfilippo (NASDAQ: JBSS) controller earns 159% PSU award
Rhea-AI Filing Summary
SANFILIPPO JOHN B & SON INC (JBSS) reported that officer Michael J. Finn, VP, Corporate Controller, acquired 517 shares of common stock through the earning of Performance Stock Units under the 2023 Omnibus Incentive Plan. The PSUs were earned at 159% of target based on certified performance and are scheduled to vest on November 12, 2028, after which they are generally eligible to be settled in an equivalent number of common shares. Following this award, Finn holds 6,775.99 shares of JBSS common stock directly.
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Insider Trade Summary
Net Buyer: 517 shares
Net Buy
1 txn
Insider
Finn Michael J
Role
VP, Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 517 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 6,775.99 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: 517 shares
Post-transaction holdings: 6,775.99 shares
PSUs earned vs target: 159%
+1 more
4 metrics
Shares acquired via PSUs
517 shares
Common stock earned from Performance Stock Units on August 18, 2026
Post-transaction holdings
6,775.99 shares
Total JBSS common shares directly held after the award
PSUs earned vs target
159%
Percentage of target Performance Stock Units earned based on company performance
PSU vesting date
November 12, 2028
Scheduled vesting and payment date for the earned PSUs, subject to conditions
Key Terms
Performance Stock Units, 2023 Omnibus Incentive Plan, vesting, contingent right
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"
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.
contingent right financial
"Each PSU represents the contingent right to receive one share of the Company's common stock"
FAQ
What insider transaction did JBSS report for Michael J. Finn?
JBSS reported that Michael J. Finn acquired 517 shares of common stock via earned Performance Stock Units under the 2023 Omnibus Incentive Plan, reflecting compensation tied to performance criteria certified on August 18, 2026.
How were the Performance Stock Units for JBSS’s Michael J. Finn determined?
The Performance Stock Units were earned at 159% of the target PSUs based on the company’s performance against specified criteria, as certified by the Compensation and Human Resources Committee on August 18, 2026.
When do Michael J. Finn’s JBSS PSUs vest and pay out?
Subject to certain conditions, the PSUs are scheduled to vest on November 12, 2028 and, once vested, will generally be eligible to be paid in an equivalent number of JBSS common shares on the same date.
Was the JBSS Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmatively checked, and the transaction is described as a grant or award of shares earned from Performance Stock Units, not an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.