Sanfilippo (JBSS) CEO earns 4,698-share performance award
Rhea-AI Filing Summary
SANFILIPPO JOHN B & SON INC (JBSS) reported that Chief Executive Officer and director Jeffrey T. Sanfilippo acquired an award tied to 4,698 shares of common stock. The award represents Performance Stock Units (PSUs) earned at 159% of the target level under the 2023 Omnibus Incentive Plan, based on performance certified on August 18, 2026. Each PSU represents a contingent right to receive one share upon vesting, and, subject to conditions, these PSUs are scheduled to vest and generally be paid in an equivalent number of common shares on November 12, 2028. Following this award, Sanfilippo is reported with 45,195 shares of common stock held directly.
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Insider Trade Summary
Net Buyer: 4,698 shares
Net Buy
1 txn
Insider
SANFILIPPO JEFFREY T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 4,698 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 45,195 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 tied to PSU award: 4,698 shares
Post-transaction holdings: 45,195 shares
PSUs earned vs. target: 159%
+2 more
5 metrics
Shares tied to PSU award
4,698 shares
Performance Stock Units earned and reported as an acquisition of common stock
Post-transaction holdings
45,195 shares
Common stock directly held by Jeffrey T. Sanfilippo after the transaction
PSUs earned vs. target
159%
Percentage of target Performance Stock Units earned based on company performance
Vesting date
November 12, 2028
Scheduled vesting date for the PSUs, subject to conditions
Certification date
August 18, 2026
Date the Compensation and Human Resources Committee certified performance achievement
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"
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 insider transaction did JBSS CEO Jeffrey T. Sanfilippo report on this Form 4?
Jeffrey T. Sanfilippo reported an acquisition tied to 4,698 shares of JBSS common stock. The award reflects Performance Stock Units earned based on achievement of specified performance criteria under the company’s 2023 Omnibus Incentive Plan.
How were the JBSS Performance Stock Units for Jeffrey T. Sanfilippo determined?
The PSUs were earned at 159% of the target level. This percentage was based on the company’s performance against pre-set criteria, as certified by the Compensation and Human Resources Committee on August 18, 2026.
When do Jeffrey T. Sanfilippo’s JBSS Performance Stock Units vest and pay out?
Subject to certain conditions, the PSUs are scheduled to vest on November 12, 2028. Once vested, they will generally be eligible to be paid in an equivalent number of JBSS common shares on the same date.
What plan governs the JBSS Performance Stock Unit award to the CEO?
The PSU award was granted under the John B. Sanfilippo & Son, Inc. 2023 Omnibus Incentive Plan. This plan allows equity-based awards, and each PSU represents a contingent right to receive one share of JBSS common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.