Pilgrim's Pride (PPC) Insider: 139 Dividend-Equivalent Units Added to RSUs

Rhea-AI Filing Summary

Joesley Mendonca Batista, a director and reported >10% owner of Pilgrim's Pride Corporation (PPC), reported a non-derivative change in beneficial ownership dated 09/03/2025. The filing records 139 dividend equivalent units accrued on restricted stock units (RSUs), each unit reflecting the right to receive one share of PPC common stock subject to the RSU terms, including vesting and settlement. Following the transaction the reporting person beneficially owns 139 shares directly attributable to these dividend equivalents. The filing is signed by the reporting person on 09/09/2025.

Positive

• Disclosure of equity accrual: The reporting person transparently reported 139 dividend equivalent units tied to RSUs, updating insider holdings.
• Clear linkage to RSU terms: The filing explicitly states each dividend equivalent reflects the right to receive one share subject to the RSU vesting and settlement terms.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director disclosed accrual of 139 dividend-equivalent units tied to RSUs; routine compensation-related disclosure, not a purchase or sale.

This Form 4 documents dividend-equivalent units credited to RSUs for a significant insider who is also a >10% owner and director. The units are treated as rights to receive shares subject to the RSU plan's terms. There is no cash purchase or open-market transaction reported and no exercise of options; the entry records an accrual event for compensation purposes. For governance review, this is a standard disclosure showing equity-based compensation recognition by an insider.

Securities Analyst

TL;DR: 139 shares credited as dividend equivalents on RSUs were recorded; immaterial to company capital structure but relevant for insider holdings tracking.

The reported 139 dividend-equivalent units convert to the right to receive shares under the RSU agreement and are recorded as direct beneficial ownership of 139 shares following the accrual. The disclosure does not indicate a transfer, sale, or derivative exercise that would affect float or signal liquidity actions. This is a routine insider compensation accrual and should be treated as an update to insider holdings rather than a market-moving transaction.

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^*

Batista Joesley Mendonca

(Last) (First) (Middle)

1770 PROMONTORY CIRCLE

(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	X	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		139		(1)	(1)	Common Stock, par value $0.01 per share	139	$0	139	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/ Joesley Mendonca Batista	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 Joesley Mendonca Batista report on the Form 4 for PPC?

The Form 4 reports accrual of 139 dividend equivalent units on RSUs, which equate to rights to receive 139 shares of PPC common stock.

When was the transaction that generated the Form 4 disclosure for PPC?

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

Does the Form 4 show a purchase or sale of PPC shares?

No. The Form 4 records accrued dividend equivalent units on RSUs, not an open-market purchase or sale.

How many PPC shares does the reporting person beneficially own after the transaction?

The filing shows 139 shares beneficially owned following the reported accrual.

What is the nature of the dividend equivalents reported on the Form 4?

The filing explains each dividend equivalent reflects the right to receive one share of PPC common stock, subject to the RSU plan's vesting and settlement terms.