PILGRIMS PRIDE CORP SEC Filings

Padilla Raul reported acquisition or exercise transactions in this Form 4 filing.

Pilgrim's Pride Corp director Raul Padilla reported an equity award of 1,927 restricted stock units of common stock. The grant was recorded on April 29, 2026 and is structured as compensation rather than an open-market purchase, with a price per unit of $0.00.

The restricted stock units vest upon his departure from the Board of Directors, meaning he will receive the underlying shares when his board service ends. Each unit represents a contingent right to receive one share of Pilgrim's Pride common stock, bringing his direct holdings to 9,758 shares after the award.

Pilgrim’s Pride Corporation reported the results of its annual stockholder meeting held on April 29, 2026. Stockholders elected eight JBS Directors and two Equity Directors to the board. They also approved, on an advisory basis, the executive compensation program in the Say on Pay vote.

Stockholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 27, 2026. Two stockholder proposals, one requesting a report on internal diversity and inclusion policies and practices and another requesting a political spending disclosure, were both voted down.

Pilgrim's Pride Corporation reported significantly lower profitability for Q1 2026 while providing detailed non-GAAP reconciliations. Net revenue was $4,532.6 million versus $4,463.0 million a year earlier, but net income fell to $101.5 million from $296.3 million and EPS declined to $0.43 from $1.24.

Adjusted EBITDA decreased to $308.1 million from $533.2 million, with the Adjusted EBITDA margin narrowing to 6.8% from 12.0%. Management cites lower U.S. commodity market pricing impacting the Big Bird business, winter storms, and downtime from large capital projects, while U.S. Prepared Foods volumes gained share.

By region, Q1 2026 net revenue was $2,635.4 million in the U.S., $1,351.7 million in Europe and $545.5 million in Mexico. Adjusted operating income was $110.1 million in the U.S., $67.5 million in Europe and $10.9 million in Mexico, with margins of 4.2%, 5.0% and 2.0%, respectively.

Pilgrim’s Pride Corporation reported weaker profitability for the first quarter of 2026 despite modest sales growth. Net sales were $4.53 billion, up 1.6% from $4.46 billion a year earlier, but GAAP net income fell to $101.5 million and GAAP EPS dropped to $0.43 from $1.24.

Adjusted EBITDA declined to $308.1 million with a 6.8% margin versus $533.2 million and a 12.0% margin last year, as U.S. Fresh margins were pressured by plant downtime, winter storms and softer commodity fundamentals, and Mexico saw margin compression from increased supply and imports. Europe delivered steadier results with balanced products and ongoing efficiency efforts, while U.S. Prepared Foods grew strongly, including nearly 40% higher Just Bare® retail sales and continued construction of a new value-added facility in Walker County, Georgia.

The company highlighted surpassing its 2025 Scope 1 & 2 emissions intensity reduction targets linked to its Sustainability-Linked Bond and maintained a net leverage ratio of 1.25x Adjusted EBITDA, below its stated 2x–3x target range.

Pilgrim’s Pride Corporation reports strong 2025 performance and asks stockholders to vote on directors, executive pay and other items at its April 29, 2026 annual meeting. For 2025, the company generated net sales of $18.5 billion, net income of $1.1 billion and GAAP EPS of $4.54.

Adjusted EBITDA reached $2.3 billion, a 12.3% margin, supported by growth in U.S. prepared foods, European branded products and Mexican operations. The company paid nearly $2.0 billion in special dividends while keeping net leverage below 1.1x Adjusted EBITDA and highlights sustainability initiatives and tuition-free education benefits.

Pilgrim's Pride President and CEO Fabio Sandri reported equity-based awards and related conversions, with no open-market buying or selling. On February 11, 2026, he acquired 30,181 shares of common stock via performance-based RSUs, which vest in three equal installments on 12/31/2026, 12/31/2027, and 12/31/2028. Related dividend equivalent units (DEUs) totaling 1,754 units were also credited, each representing one future share under the same vesting terms. On February 17, 2026, additional DEUs of 2,946 and 3,794 were exercised and settled into common stock at a price of $0.00 per share. After these acquisitions, Sandri directly owned 327,851 shares of Pilgrim's Pride common stock.

Pilgrim's Pride Chief Financial Officer Matthew R. Galvanoni reported several equity compensation-related transactions in company stock. On February 18, 2026, he sold 6,963 shares of common stock at $43.518 per share to satisfy tax withholding obligations, leaving him with 91,397 directly owned shares.

On February 11, 2026, he earned 15,694 performance-based restricted stock units that vest in three equal installments on 12/31/2026, 12/31/2027, and 12/31/2028, with each unit representing one share of common stock. Related dividend equivalent units accrued and were exercised or converted on February 11 and February 17, 2026, resulting in additional common shares under the same vesting and settlement terms as the underlying RSUs.