Pilgrim's Pride (PPC) CEO boosts holdings with RSU and DEU share awards

Rhea-AI Filing Summary

Pilgrim's Pride President and CEO Fabio Sandri reported equity-based awards and related conversions, with no open-market buying or selling. On February 11, 2026, he acquired 30,181 shares of common stock via performance-based RSUs, which vest in three equal installments on 12/31/2026, 12/31/2027, and 12/31/2028. Related dividend equivalent units (DEUs) totaling 1,754 units were also credited, each representing one future share under the same vesting terms. On February 17, 2026, additional DEUs of 2,946 and 3,794 were exercised and settled into common stock at a price of $0.00 per share. After these acquisitions, Sandri directly owned 327,851 shares of Pilgrim's Pride common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sandri Fabio

(Last) (First) (Middle)

1770 PROMONTORY CIRCLE

(Street)

GREELEY CO 80634

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PILGRIMS PRIDE CORP [ PPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	02/11/2026		A		30,181	A	(1)	321,111	D
Common Stock, par value $0.01 per share	02/17/2026		M		2,946	A	(2)	324,057	D
Common Stock, par value $0.01 per share	02/17/2026		M		3,794	A	(2)	327,851	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units	(3)	02/11/2026		M		1,754(3)		(3)	(3)	Common Stock, par value $0.01 per share	1,754	(3)	1,754(3)	D
Dividend Equivalent Units	(2)	02/17/2026		M			2,946(2)	(2)	(2)	Common Stock, par value $0.01 per share	2,946	(2)	0(2)	D
Dividend Equivalent Units	(2)	02/17/2026		M			3,794(2)	(2)	(2)	Common Stock, par value $0.01 per share	3,794	(2)	0(2)	D

Explanation of Responses:

1. Represents shares earned pursuant to performance-based restricted stock units ("RSUs") on February 11, 2026 (the date that the Compensation Committee certified satisfaction of the underlying performance metrics), vesting ratably over three years on 12/31/2026, 12/31/2027, and 12/31/2028. Each RSU represents a contingent right to receive one share of PPC common stock.

2. The DEUs reported herein vested on the same schedule as the underlying RSUs to which they relate and were settled in shares of common stock upon the vesting of those RSUs.

3. Reflects dividend equivalent units ("DEUs") accrued upon performance certification on February 11, 2026 of RSUs granted to the Reporting Person. Each DEU reflects the right to receive one share of PPC common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding RSUs.

Remarks:

	/s/ Fabio Sandri	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did PPC CEO Fabio Sandri report in this Form 4 filing?

Fabio Sandri reported acquiring equity-based awards in Pilgrim's Pride common stock, including RSUs and related dividend equivalent units. These transactions were equity grants and conversions at $0.00 per share, not open-market purchases or sales, and increased his directly held PPC share count.

How many Pilgrim's Pride (PPC) shares did the CEO acquire through RSUs?

Fabio Sandri acquired 30,181 shares of Pilgrim's Pride common stock via performance-based restricted stock units. The Compensation Committee certified performance on February 11, 2026, and these RSUs will vest ratably over three years, delivering one share of PPC stock for each vested unit.

When do Fabio Sandri’s new PPC RSUs vest and settle into shares?

The performance-based RSUs vest in three equal installments on 12/31/2026, 12/31/2027, and 12/31/2028. Each restricted stock unit represents a contingent right to receive one share of Pilgrim's Pride common stock as the vesting dates are reached and settled.

What are dividend equivalent units (DEUs) in this PPC Form 4?

The dividend equivalent units represent additional rights tied to RSUs, each reflecting one PPC share. DEUs accrued upon performance certification on February 11, 2026 and follow the same vesting and settlement terms as the underlying RSUs, ultimately settling in Pilgrim's Pride common stock.

How many PPC dividend equivalent units were involved in these transactions?

The filing shows 1,754 dividend equivalent units accrued on February 11, 2026, plus separate DEU balances of 2,946 and 3,794 units converted on February 17, 2026. Each DEU corresponds to one Pilgrim's Pride common share under the applicable vesting and settlement conditions.

What is Fabio Sandri’s direct ownership in Pilgrim's Pride after these awards?

After the reported RSU-related awards and DEU conversions, Fabio Sandri directly held 327,851 shares of Pilgrim's Pride common stock. This figure comes from the total shares following the final reported transaction on February 17, 2026, reflecting his updated direct ownership position.