Pilgrim's Pride CFO Records 5,788 Dividend Equivalents on RSUs/PSUs

Rhea-AI Filing Summary

Matthew R. Galvanoni, Chief Financial Officer of Pilgrim's Pride Corporation (PPC), received 5,788 dividend equivalent units tied to previously granted restricted stock units (RSUs) and performance stock units (PSUs). The units, recorded as a transaction on 09/03/2025, represent rights to receive one share of PPC common stock per unit subject to the original RSU/PSU terms, including vesting and settlement provisions. The Form 4 was signed and filed by Mr. Galvanoni on 09/09/2025.

Positive

• Timely and complete disclosure of dividend equivalent units on the Form 4, including transaction date and explanatory remarks
• 5,788 dividend equivalent units were recorded, increasing the reporting person's documented beneficial interest under the award terms

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider recording of dividend equivalents on equity awards; governance documentation appears complete.

The Form 4 documents a standard, non-discretionary accrual of 5,788 dividend equivalent units tied to previously granted RSUs and PSUs for the CFO. This is a customary post-grant adjustment reflecting dividend equivalents rather than an open-market purchase or sale. The filing identifies the reporting person, relationship to the issuer, transaction date of 09/03/2025, and includes an explanation of the units' nature, aligning with Section 16 reporting requirements.

Securities Analyst

TL;DR: Transaction is administrative and non-material to capital structure; no immediate market impact indicated.

The entry shows 5,788 dividend equivalent units added to the reporting person's beneficial ownership, recorded as direct ownership. Because these are dividend equivalents credited on existing RSUs/PSUs and not open-market trades or option exercises, the disclosure is typically neutral for valuation or liquidity. The Form 4 is timely and contains the standard explanatory remark about vesting and settlement conditions.

Insider Trade Summary

5,788 shares exercised/converted

Mixed 1 txn

Insider Galvanoni Matthew R

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Dividend Equivalent Units	5,788	$0.00	--

Holdings After Transaction: Dividend Equivalent Units — 5,788 shares (Direct)

Footnotes (1)

1. [object Object]

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^*

Galvanoni Matthew R

(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)

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

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		5,788		(1)	(1)	Common Stock, par value $0.01 per share	5,788	$0	5,788	D

Explanation of Responses:

1. Reflects dividend equivalent units accrued on RSUs and PSUs 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 and PSUs.

Remarks:

	/s/ Matthew R Galvanoni	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 CFO Matthew Galvanoni report on Form 4 (PPC)?

The CFO reported the accrual of 5,788 dividend equivalent units tied to RSUs and PSUs, recorded with a transaction date of 09/03/2025.

Do the 5,788 units represent open-market purchases or sales for PPC insider?

No. The units are dividend equivalents credited on existing RSUs/PSUs, not open-market purchases or dispositions.

How are the dividend equivalent units settled according to the filing?

Each dividend equivalent reflects the right to receive one share of PPC common stock, subject to the original RSU/PSU vesting and settlement terms.

When was the Form 4 signed and filed by the reporting person?

The Form 4 bears the reporting person's signature dated 09/09/2025.

Does this Form 4 indicate any change in the CFO's role or employment status at PPC?

No. The filing lists Mr. Galvanoni as Chief Financial Officer and does not disclose any change in role or employment status.