Pilgrim's Pride Director Reports 51 Dividend Equivalent Units on RSUs

Rhea-AI Filing Summary

Pilgrim's Pride director Joanita Maria Maestri Karoleski reported a Form 4 disclosing a non‑derivative acquisition dated 09/03/2025. The filing shows 51 dividend equivalent units credited with respect to restricted stock units (RSUs), each unit reflecting the right to receive one share of PPC common stock subject to the RSU terms and vesting conditions. After the transaction the reporting person beneficially owned 51 shares directly related to these dividend equivalents. The Form 4 was signed on 09/09/2025 and filed by a single reporting person.

Positive

• Director received 51 dividend equivalent units under existing RSUs, reflecting ongoing alignment with shareholder interests
• Disclosure filed timely and signed (transaction dated 09/03/2025; signature 09/09/2025), meeting Section 16 reporting requirements

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure of dividend equivalents on RSUs; indicates standard compensation settlement, not a material change.

The Form 4 documents a small, routine crediting of 51 dividend equivalent units tied to previously granted RSUs for a company director. This is typical under equity compensation plans to mirror dividends on unvested awards and aligns the director's economic exposure with shareholders without indicating a new grant or sale. No changes to control or significant share accumulation are shown.

Securities Analyst

TL;DR: Minor insider acquisition from RSU dividend equivalents; immaterial to valuation or market supply.

The reported transaction is classified as a dividend equivalent payment converting to 51 shares at no cash price, reflecting plan terms rather than an open‑market purchase. The size (51 shares) is negligible relative to typical public float, so there is no immediate impact on outstanding share counts or liquidity. Filing details are complete for this disclosure.

Insider Trade Summary

51 shares exercised/converted

Mixed 1 txn

Insider Maestri Karoleski Joanita Maria

Role Director

Type	Security	Shares	Price	Value
Exercise	Dividend Equivalent Units	51	$0.00	--

Holdings After Transaction: Dividend Equivalent Units — 51 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Maestri Karoleski Joanita Maria

(Last) (First) (Middle)

C/O PILGRIM'S PRIDE CORP

1770 PROMONTORY CIR

(Street)

GREELEY CO 80634

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PILGRIMS PRIDE CORP [ PPC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Dividend Equivalent Units	(1)	09/03/2025		M		51		(1)	(1)	Common Stock, par value $0.01 per share	51	$0	51	D

Explanation of Responses:

1. Reflects dividend equivalent units accrued on RSUs granted to the Reporting Person. Each dividend equivalent reflects the right to receive one share of PPC common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding RSUs.

Remarks:

	/s/ Joanita Maria Maestri Karoleski	09/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Joanita Maria Maestri Karoleski report on Form 4 for PPC?

The filing reports the receipt of 51 dividend equivalent units on RSUs, each unit convertible to one share of Pilgrim's Pride (PPC) common stock, resulting in 51 shares beneficially owned.

When was the transaction dated and when was the Form 4 signed?

The transaction date is 09/03/2025 and the Form 4 was signed on 09/09/2025.

Was this a purchase or a grant and what was the price?

This was a dividend equivalent credit on RSUs, not an open‑market purchase; the reported price is $0 as these units convert per plan terms.

How many shares does the reporting person beneficially own following the transaction?

The Form 4 shows 51 shares beneficially owned following the reported dividend equivalent accrual.

Does the Form 4 indicate any change in control or large share accumulation?

No. The filing shows a small, routine credit of 51 shares and does not indicate any change in control or material accumulation.