Pilgrim's Pride (PPC) Director Records 784 RSU Dividend Equivalents

Rhea-AI Filing Summary

Aslam Farha, a director of Pilgrim's Pride Corporation (PPC), received 784 dividend equivalent units tied to previously granted restricted stock units on 09/03/2025. Each dividend equivalent represents the right to one share of common stock subject to the RSU terms, and the report shows 784 shares beneficially owned following the transaction as direct ownership. The reported value per unit is listed as $0 (reflecting dividend-equivalent accounting rather than a cash purchase). The Form 4 was signed on 09/09/2025 and was filed by one reporting person.

Positive

• Timely disclosure of insider activity with Form 4 signed on 09/09/2025, indicating compliance with reporting requirements
• Clear linkage of 784 dividend equivalent units to existing RSUs, providing transparency on compensation settlement

Negative

• None.

Insights

Securities Analyst

TL;DR: Director received 784 dividend-equivalent units tied to RSUs, a routine insider non-cash accrual with limited immediate market impact.

The filing discloses a non-derivative increase of 784 shares attributable to dividend equivalents on existing RSUs. This is an administrative accrual rather than an open-market purchase or sale, and the reported price of $0 is consistent with dividend-equivalent treatment rather than a cash transaction. For investors, the item signals standard equity compensation settlement mechanics; it does not change outstanding share count reported by the company nor indicate new cash flows from the insider.

Corporate Governance Expert

TL;DR: Routine disclosure of compensation-related share accruals by a director; governance transparency maintained via timely Form 4 filing.

The Form 4 shows timely reporting of 784 dividend-equivalent units attributable to RSUs for a director, filed by a single reporting person and signed within a week of the transaction. This reflects conversion-like settlement rights under compensation plans and demonstrates compliance with Section 16 filing requirements. There is no indication of an exemption plan (e.g., 10b5-1) noted on the form.

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

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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^*

Aslam Farha

(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		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		784		(1)	(1)	Common Stock, par value $0.01 per share	784	$0	784	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/ Farha Aslam	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 Pilgrim's Pride director Aslam Farha report on Form 4 (PPC)?

The Form 4 reports that Aslam Farha received 784 dividend equivalent units tied to RSUs on 09/03/2025, resulting in 784 shares beneficially owned as direct ownership.

Were the 784 units reported as a purchase or a dividend-equivalent accrual?

They were reported as dividend equivalent units related to RSUs, with the transaction price shown as $0, indicating an accrual rather than a market purchase.

What type of security was involved in the Form 4 for PPC?

The reported security is Common Stock, par value $0.01 per share, represented by dividend equivalents on restricted stock units.

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.

Does the filing indicate joint filing or multiple reporting persons?

The form indicates it was filed by one reporting person (individual filing).