Pilgrims Pride (PPC) director gains 1,927 RSUs and reports major stake
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,927 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
restricted stock units financial
contingent right to receive financial
wholly owned, indirect subsidiary financial
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