Pilgrim's Pride CEO Receives 22,236 Dividend Equivalents on RSUs/PSUs

Rhea-AI Filing Summary

Insider award credited to CEO — The filing shows that Pilgrim's Pride Corporation's President and CEO received 22,236 dividend equivalent units tied to previously granted restricted stock units (RSUs) and performance stock units (PSUs). Each dividend equivalent unit represents the right to receive one share of PPC common stock, subject to the vesting and settlement terms of the underlying RSUs and PSUs. After the reported accrual, the reporting person is shown as beneficially owning 22,236 shares directly. The disclosure reflects compensation-related equity accrual rather than an open-market purchase or sale.

Insights

Financial Analyst

TL;DR: Routine compensation accrual credited to CEO; limited near-term market impact.

The transaction represents dividend equivalent units accruing on existing RSU/PSU awards and is recorded as direct beneficial ownership of 22,236 shares. This type of recording is a non-cash, compensation-related adjustment rather than an active purchase or sale of stock. For investors, the item signals continued use of equity-based compensation to align executive incentives with shareholder outcomes, but it is not material to Pilgrim's Pride's capital structure or liquidity.

Corporate Governance Expert

TL;DR: Governance disclosure complies with Section 16 reporting; no governance red flags evident.

The filing clearly states the nature of the units as dividend equivalents tied to RSUs and PSUs and reports the resulting beneficial ownership as direct. The form indicates appropriate reporting of insider compensation accruals and contains a manual signature, satisfying basic disclosure protocols. There is no indication of unusual timing, related-party transactions, or deviation from standard equity award treatment in the provided content.

Insider Trade Summary

22,236 shares exercised/converted

Mixed 1 txn

Insider Sandri Fabio

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Dividend Equivalent Units	22,236	$0.00	--

Holdings After Transaction: Dividend Equivalent Units — 22,236 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^*

Sandri Fabio

(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)
	President and CEO

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		22,236		(1)	(1)	Common Stock, par value $0.01 per share	22,236	$0	22,236	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/ Fabio Sandri	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 (PPC) report on this Form 4?

The report discloses that the company's President and CEO was credited with 22,236 dividend equivalent units tied to RSUs and PSUs, recorded as beneficial ownership of 22,236 shares.

Do the dividend equivalent units represent immediate stock ownership?

Each dividend equivalent unit reflects the right to receive one share but is subject to the vesting and settlement terms of the underlying RSUs and PSUs, so they may not convert to shares immediately.

Was this filing a market purchase or sale of PPC shares?

No. The filing documents a compensation-related accrual (dividend equivalents on equity awards), not an open-market purchase or sale.

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

The filing shows 22,236 shares beneficially owned following the reported accrual.

Does this Form 4 indicate any problematic governance issues?

Based on the disclosed information, the filing appears routine and does not show governance red flags such as unusual related-party transactions or atypical timing.