Pilgrims Pride (PPC) director awarded 1,927 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tomazoni Gilberto reported acquisition or exercise transactions in this Form 4 filing.
PILGRIMS PRIDE CORP director Gilberto Tomazoni received a stock-based award from the company. On April 29, 2026, he was granted 1,927 restricted stock units of common stock at a price of $0.00 per share.
The restricted stock units vest when he departs from the company’s Board of Directors, and each unit represents a contingent right to receive one share of PPC common stock. Following this award, he directly holds 4,723 shares according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tomazoni Gilberto
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 — 4,723 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 1,927 units
Grant price: $0.00 per share
Shares held after grant: 4,723 shares
3 metrics
RSUs granted
1,927 units
Restricted stock units granted on April 29, 2026
Grant price
$0.00 per share
Price per share for the RSU award
Shares held after grant
4,723 shares
Total direct holdings following the reported transaction
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"
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"
Board of Directors financial
"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 Gilberto Tomazoni report at Pilgrims Pride (PPC)?
Gilberto Tomazoni reported receiving 1,927 restricted stock units of Pilgrims Pride common stock. The grant was recorded at $0.00 per share and represents a stock-based compensation award tied to his service on the company’s Board of Directors.
When do Gilberto Tomazoni’s restricted stock units in Pilgrims Pride (PPC) vest?
The restricted stock units vest when Gilberto Tomazoni departs from Pilgrims Pride’s Board of Directors. This means he receives the underlying common shares only upon leaving the board, aligning the award with his continued board service and tenure.
What does each restricted stock unit in Pilgrims Pride (PPC) represent for Gilberto Tomazoni?
Each restricted stock unit represents a contingent right to receive one share of Pilgrims Pride common stock. Tomazoni’s 1,927 units thus correspond to 1,927 potential shares, which he will receive only when the vesting condition—departure from the Board—is met.
Was Gilberto Tomazoni’s Pilgrims Pride (PPC) stock award a market purchase or compensation grant?
The award was a compensation grant, not a market purchase. The Form 4 lists transaction code “A” for a grant or award, and the price is shown as $0.00 per share, indicating stock-based compensation rather than an open-market transaction.