Director at Pilgrim's Pride (PPC) granted 1,927 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
vasconcellos wallim cruz de jr reported acquisition or exercise transactions in this Form 4 filing.
Pilgrim's Pride Corp reported that director Vasconcellos Wallim Cruz De Jr received an award of 1,927 shares of common stock in the form of restricted stock units on April 29, 2026.
These restricted stock units vest when he leaves the Board of Directors, and each unit represents the right to receive one share of PPC common stock. Following this grant, he directly holds 19,935 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
vasconcellos wallim cruz de jr
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 — 19,935 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 1,927 units
Shares after grant: 19,935 shares
Grant price: $0.00 per share
3 metrics
RSU grant size
1,927 units
Restricted stock units granted on April 29, 2026
Shares after grant
19,935 shares
Total common shares directly held after transaction
Grant price
$0.00 per share
Equity award, no cash paid by director
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 did the Pilgrim's Pride (PPC) Form 4 report for the director?
The Form 4 shows director Vasconcellos Wallim Cruz De Jr received 1,927 restricted stock units. This is a stock-based compensation grant, not an open-market trade, and increases his direct holdings to 19,935 common shares.
When do the Pilgrim's Pride restricted stock units reported on Form 4 vest?
The restricted stock units vest when the director departs from Pilgrim's Pride’s Board of Directors. This means the shares are contingent on continued board service, aligning the director’s compensation with the duration of board membership.
What does each restricted stock unit represent for Pilgrim's Pride (PPC)?
Each restricted stock unit represents a contingent right to receive one share of Pilgrim's Pride common stock. The shares are delivered only after vesting, providing stock-based compensation tied to the director’s ongoing board service and eventual departure.