Batista (PPC) reports 1,927 RSUs and 195.4M indirect shares
Rhea-AI Filing Summary
Pilgrim's Pride director Joesley Mendonca Batista reported receiving 1,927 restricted stock units of Pilgrim's Pride common stock at no cost, increasing his direct holdings to 4,723 shares. Each restricted stock unit converts into one share and vests when he leaves the Board of Directors.
The filing also reports 195,445,936 shares of Pilgrim's Pride common stock held indirectly through JBS Wisconsin Properties, LLC, an entity that is a wholly owned, indirect subsidiary of JBS S.A.. JBS S.A. is ultimately controlled by Batista and Wesley Mendonca Batista via J&F Investimentos S.A. and J&F Participacoes S.A., which hold 23.54% and 24.79% of JBS S.A.'s outstanding capital, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,927 shares
Net Buy
2 txns
Insider
Batista Joesley Mendonca
Role
Director, 10% Owner
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 4,723 shares (Direct);
Common Stock, par value $0.01 per share — 195,445,936 shares (Indirect, By JBS Wisconsin Properties, LLC)
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 Wesley 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
RSUs granted: 1,927 units
Direct holdings after grant: 4,723 shares
Indirect holdings via JBS Wisconsin Properties, LLC: 195,445,936 shares
+3 more
6 metrics
RSUs granted
1,927 units
Restricted stock units granted at $0.00 per share to director
Direct holdings after grant
4,723 shares
Pilgrim's Pride common stock held directly after transaction
Indirect holdings via JBS Wisconsin Properties, LLC
195,445,936 shares
Pilgrim's Pride common stock reported as held indirectly
J&F Investimentos stake in JBS S.A.
23.54% of outstanding capital
Equity interest in JBS S.A. held by J&F Investimentos S.A.
J&F Participacoes stake in JBS S.A.
24.79% of outstanding capital
Equity interest in JBS S.A. held by J&F Participacoes S.A.
Grant price per RSU
$0.00 per share
Price per share for the 1,927 restricted stock units granted
Key Terms
restricted stock units, contingent right, wholly owned, indirect subsidiary, outstanding capital, +1 more
5 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."
wholly owned, indirect subsidiary financial
"JBS Wisconsin Properties, LLC is a wholly owned, indirect subsidiary of JBS S.A."
outstanding capital financial
"which owns approximately 23.54% of the outstanding capital of JBS S.A."
equity interests financial
"own: (1) 100% of the equity interests in J&F Investimentos S.A."
Equity interests are an ownership stake in a company—usually represented by shares or membership units—that give the holder a claim on the business’s profits, assets and sometimes voting power. Think of it as owning one or more slices of a company’s pie: the bigger your slice, the larger your share of dividends, capital gains and influence, and the more you are affected by dilution or company losses. Investors use equity interests to measure value, control and potential returns.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Joesley Mendonca Batista report at Pilgrim's Pride (PPC)?
Batista reported receiving 1,927 restricted stock units of Pilgrim's Pride common stock at a price of $0.00 per share. This grant increased his directly held common stock position to 4,723 shares as reported after the transaction on the Form 4.
What indirect Pilgrim's Pride (PPC) holdings are reported through JBS Wisconsin Properties, LLC?
The Form 4 reports 195,445,936 shares of Pilgrim's Pride common stock held indirectly through JBS Wisconsin Properties, LLC. This LLC is a wholly owned, indirect subsidiary of JBS S.A., which is ultimately controlled by Batista and Wesley Mendonca Batista via their J&F entities.
When do Batista’s restricted stock units in Pilgrim's Pride (PPC) vest?
The restricted stock units reported for Batista vest upon his departure from Pilgrim's Pride’s Board of Directors. Each restricted stock unit represents a contingent right to receive one share of Pilgrim's Pride common stock once that vesting condition tied to his Board service is satisfied.
What does each restricted stock unit reported for Pilgrim's Pride (PPC) represent?
Each restricted stock unit represents a contingent right to receive one share of Pilgrim's Pride common stock. For Batista, the 1,927 restricted stock units will convert into an equal number of common shares once the vesting condition based on his Board departure is met.