Pilgrims Pride (PPC) director gains 1,927 RSUs and reports major stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Batista Wesley Mendonca reported acquisition or exercise transactions in this Form 4 filing.
Pilgrims Pride Corp director and 10% owner Wesley Mendonca Batista reported an equity award and his current holdings. He received 1,927 restricted stock units, each representing a contingent right to one share of PPC common stock, vesting upon his departure from the board. Following this grant, he holds 4,723 PPC shares directly. He is also associated with 195,445,936 PPC shares held indirectly through JBS Wisconsin Properties, LLC, a wholly owned, indirect subsidiary of JBS S.A., which is ultimately controlled by him and Joesley Mendonca Batista through J&F Investimentos S.A. and J&F Participacoes S.A.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Batista Wesley Mendonca
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,927 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 4,723 shares (Direct, null);
Common Stock, par value $0.01 per share — 195,445,936 shares (Indirect, By JBS Wisconsin Properties, LLC)
Footnotes (1)
- Represents restricted stock units vesting upon the director's departure from the Company's Board of Directors. Each restricted stock unit represents a contingent right to receive one share of PPC common stock. JBS Wisconsin Properties, LLC is a wholly owned, indirect subsidiary of JBS S.A. JBS S.A. is ultimately controlled by the reporting person and Joesley Mendonca Batista, who jointly control and equally and indirectly own: (1) 100% of the equity interests in J&F Investimentos S.A., a Brazilian corporation, which owns approximately 23.54% of the outstanding capital of JBS S.A.; and (2) 100% of the equity interests in J&F Participacoes S.A., a Brazilian corporation, which owns approximately 24.79% of the outstanding capital of JBS S.A.
Key Figures
Restricted stock units granted: 1,927 units
Direct PPC shares after transaction: 4,723 shares
Indirect PPC shares via JBS Wisconsin Properties, LLC: 195,445,936 shares
+2 more
5 metrics
Restricted stock units granted
1,927 units
Equity award vesting upon departure from board
Direct PPC shares after transaction
4,723 shares
Total direct holdings following RSU grant
Indirect PPC shares via JBS Wisconsin Properties, LLC
195,445,936 shares
Indirect holdings attributed through subsidiary of JBS S.A.
J&F Investimentos stake in JBS S.A.
23.54% of outstanding capital
Equity interests in JBS S.A. owned by J&F Investimentos S.A.
J&F Participacoes stake in JBS S.A.
24.79% of outstanding capital
Equity interests in JBS S.A. owned by J&F Participacoes S.A.
Key Terms
restricted stock units, contingent right to receive, wholly owned, indirect subsidiary
3 terms
restricted stock units financial
"Represents restricted stock units vesting upon the director's departure"
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 to receive financial
"Each restricted stock unit represents a contingent right to receive one share"
wholly owned, indirect subsidiary financial
"JBS Wisconsin Properties, LLC is a wholly owned, indirect subsidiary of JBS S.A."
FAQ
What insider transaction did Wesley Mendonca Batista report at Pilgrims Pride (PPC)?
Wesley Mendonca Batista reported receiving 1,927 restricted stock units in Pilgrims Pride. These RSUs are compensation-related awards and each unit represents a contingent right to receive one share of PPC common stock upon his departure from the company’s board of directors.
What are the terms of the 1,927 restricted stock units reported for Pilgrims Pride (PPC)?
The 1,927 restricted stock units vest upon Wesley Mendonca Batista’s departure from Pilgrims Pride’s board. Each restricted stock unit represents a contingent right to receive one share of PPC common stock, aligning the award with his continued board service until departure.
Does the Pilgrims Pride (PPC) Form 4 indicate a market purchase or sale by Wesley Mendonca Batista?
The Form 4 records a grant of 1,927 restricted stock units to Wesley Mendonca Batista, not an open-market purchase or sale. The transaction is coded as an award acquisition and reflects compensation rather than a discretionary trade in PPC shares.