Director Andre Nogueira de Souza granted 1,927 PPC RSUs in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Andre Nogueira de Souza reported acquisition or exercise transactions in this Form 4 filing.
Pilgrim's Pride director Andre Nogueira de Souza received an equity award in the form of 1,927 restricted stock units of common stock. The grant was recorded at a price of $0.00 per share as a compensation award, not an open-market purchase.
After this grant, he holds 4,723 shares of Pilgrim's Pride common stock directly. The restricted stock units will vest when he departs from the company’s Board of Directors, and each unit represents the right to receive one share of PPC common stock at that time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Andre Nogueira de Souza
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 after transaction: 4,723 shares
3 metrics
RSUs granted
1,927 units
Restricted stock units awarded on 2026-04-29
Grant price
$0.00 per share
Recorded value for the equity award
Shares after transaction
4,723 shares
Direct holdings following the RSU grant
Key Terms
restricted stock units, contingent right, Common Stock, par value $0.01 per share
3 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."
FAQ
What did Andre Nogueira de Souza report in this PPC Form 4 filing?
Andre Nogueira de Souza reported an equity compensation award of 1,927 restricted stock units of Pilgrim’s Pride common stock. These units were granted at $0.00 per share and increase his direct holdings to 4,723 shares after the transaction.
Is the PPC Form 4 transaction an open-market buy or a stock grant?
The PPC Form 4 reflects a stock grant, not an open-market purchase. Andre Nogueira de Souza received 1,927 restricted stock units as a compensation award, recorded at $0.00 per share, rather than buying shares on the market.
When do Andre Nogueira de Souza’s restricted stock units in PPC vest?
The restricted stock units vest upon Andre Nogueira de Souza’s departure from Pilgrim’s Pride’s Board of Directors. At vesting, each restricted stock unit converts into one share of PPC common stock, delivering actual shares at the time of board departure.
What does each restricted stock unit in this PPC Form 4 represent?
Each restricted stock unit represents a contingent right to receive one share of Pilgrim’s Pride common stock. The units vest when Andre Nogueira de Souza leaves the Board, at which point they convert into actual PPC shares, according to the footnote disclosure.