Pilgrim's Pride Insider Filing: 139 RSU Dividend Equivalents Recorded

Rhea-AI Filing Summary

Pilgrim's Pride Corporation (PPC) director Andre Nogueira de Souza reported a non‑derivative acquisition tied to restricted stock units on 09/03/2025. He received 139 dividend equivalent units, each representing the right to one share of PPC common stock subject to the original RSU vesting and settlement terms.

The reported units increase his direct beneficial ownership by 139 shares. The filing explains these are dividend equivalents accrued on existing RSUs and are governed by the RSU award terms, including vesting and settlement conditions.

Insights

Corporate Governance Expert

TL;DR: Routine insider accrual of dividend equivalents on RSUs; disclosure shows compliance with Section 16 reporting.

This Form 4 reports the conversion of dividend equivalent units related to preexisting RSUs into an entitlement to 139 shares, recorded as direct beneficial ownership. The disclosure is standard for executives/directors receiving dividend equivalents and indicates adherence to required insider reporting. No new grant, sale, or exercise is recorded here.

Securities Analyst

TL;DR: Small, non‑cash accrual; unlikely to be material to PPC investors.

The transaction reflects accrual and settlement mechanics of RSU programs rather than a cash purchase or disposition. The quantity reported (139 shares) is modest relative to typical outstanding shares and is presented as direct ownership following the accrual. This is a routine reporting item rather than a company performance signal.

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
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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^*

Andre Nogueira de Souza

(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		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/ Andre Nogueira de Souza	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 transaction did Andre Nogueira de Souza report on PPC Form 4?

He reported the accrual of 139 dividend equivalent units related to previously granted RSUs, reflecting the right to 139 shares of PPC common stock.

Are the 139 units immediately owned shares in PPC (ticker: PPC)?

The filing states each dividend equivalent unit reflects the right to receive one share subject to RSU vesting and settlement terms, so settlement depends on those conditions.

Was cash paid for these 139 shares in the reported transaction?

No cash purchase is reported; the entry reflects dividend equivalents accrued on RSUs, not a market purchase.

What is the reporting person's relationship to Pilgrim's Pride (PPC)?

The reporting person, Andre Nogueira de Souza, is identified as a director of Pilgrim's Pride Corporation.

Does the Form 4 show any exercise or sale of options or other derivative activity?

No. The reported item is a non‑derivative accrual of dividend equivalent units on RSUs; there are no separate option exercises or sales listed.