Pilgrim's Pride (PPC) director receives 1,927 restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celis Arquimedes reported acquisition or exercise transactions in this Form 4 filing.
Pilgrim's Pride Corp director Arquimedes Celis received an equity award of 1,927 shares of common stock on April 29, 2026. The award is in the form of restricted stock units that vest when he leaves the Board, bringing his direct holdings to 17,149 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Celis Arquimedes
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,927 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 17,149 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 1,927 shares
Grant price: $0.00 per share
Total holdings after grant: 17,149 shares
+1 more
4 metrics
Shares granted
1,927 shares
Restricted stock units granted April 29, 2026
Grant price
$0.00 per share
Reported transaction price for RSU award
Total holdings after grant
17,149 shares
Common stock directly held following transaction
Vesting condition
Upon board departure
RSUs vest when director leaves Board of Directors
Key Terms
restricted stock units, contingent right, Board of Directors
3 terms
restricted stock units financial
"Represents restricted stock units vesting upon the director's departure from the Company's Board of Directors."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of PPC common stock."
Board of Directors financial
"Represents restricted stock units vesting upon the director's departure from the Company's Board of Directors."
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transaction did Pilgrim's Pride (PPC) director Arquimedes Celis report?
Arquimedes Celis reported receiving an award of 1,927 shares of Pilgrim's Pride common stock. The shares were granted at no cash cost as restricted stock units, reflecting equity-based director compensation rather than an open-market purchase of PPC stock.
What type of equity award did Pilgrim's Pride (PPC) grant to director Arquimedes Celis?
Pilgrim's Pride granted Arquimedes Celis restricted stock units covering 1,927 shares of common stock. Each unit represents a contingent right to receive one PPC share, providing stock-based compensation aligned with his service as a member of the Board of Directors.
When do the restricted stock units granted to Arquimedes Celis at Pilgrim's Pride (PPC) vest?
The restricted stock units granted to Arquimedes Celis vest when he departs from Pilgrim's Pride’s Board of Directors. Vesting upon board departure ties the value of the 1,927 units to the duration of his board service rather than a fixed calendar schedule.