Ajay Menon reports 526 RSU dividend equivalents on Pilgrim's Pride Form 4

Rhea-AI Filing Summary

Ajay Menon, a director of Pilgrim's Pride Corporation (PPC), reported on Form 4 that on 09/03/2025 he received 526 dividend equivalent units tied to previously granted restricted stock units. Each dividend equivalent unit converts to one share of PPC common stock subject to the RSU vesting and settlement terms, and the report shows 526 shares beneficially owned directly following the transaction with a recorded price of $0 per unit.

Positive

• 526 dividend equivalent units were credited to the reporting person, reflecting automatic accruals on existing RSUs
• Transaction documented as direct beneficial ownership, providing transparency under Section 16 reporting

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Small, routine accrual of dividend equivalents on RSUs for a company director; non-material to ownership control.

This Form 4 documents a routine administrative crediting of dividend equivalent units to a director tied to existing RSUs. The amount, 526 shares, is modest relative to a public company’s outstanding shares and does not indicate a change in director intent or control. It reflects compensation mechanics rather than an open-market purchase or sale; therefore it has no immediate governance implications beyond normal equity-based compensation accounting.

Securities Analyst

TL;DR: Transaction is a non-cash issuance of 526 dividend-equivalent shares from RSUs; immaterial to valuation or market liquidity.

The entry records dividend equivalents credited on RSUs with a zero price, meaning these units reflect accrued dividends rather than cash purchases. Because the reported position after the transaction is 526 shares direct, the change is marginal and unlikely to affect analyst models or share float materially. This is a routine filing under Section 16 reporting requirements.

Insider Trade Summary

526 shares exercised/converted

Mixed 1 txn

Insider Menon Ajay

Role Director

Type	Security	Shares	Price	Value
Exercise	Dividend Equivalent Units	526	$0.00	--

Holdings After Transaction: Dividend Equivalent Units — 526 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^*

Menon Ajay

(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		526		(1)	(1)	Common Stock, par value $0.01 per share	526	$0	526	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/ Ajay Menon	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 Ajay Menon report on Form 4 for PPC?

He reported the accrual of 526 dividend equivalent units tied to RSUs on 09/03/2025, resulting in 526 shares beneficially owned.

Are the reported shares a cash purchase or market sale?

No; the Form 4 shows dividend equivalent units on RSUs with a recorded price of $0, indicating non-cash issuance.

Does this Form 4 indicate a change in control or major ownership for PPC?

No; the report reflects a small, routine accrual of RSU-related dividend equivalents and is immaterial to overall ownership.

When was the Form 4 signed by the reporting person?

The signature block shows the form was signed on 09/09/2025 by Ajay Menon.

What do the dividend equivalent units represent?

Each dividend equivalent unit corresponds to the right to receive one share of PPC common stock, subject to RSU terms including vesting and settlement.