[144] J M SMUCKER Co SEC Filing
Rhea-AI Filing Summary
J M Smucker Co (SJM) filing a Form 144 notifies a proposed sale of 6,500 common shares through Fidelity Brokerage Services on the NYSE, with an approximate sale date of 09/24/2025 and an aggregate market value of $715,000. The filing shows the shares were acquired as restricted stock vesting: 3,936 shares vested on 06/10/2015 and 2,564 vested on 06/13/2024, and no other sales by the account were reported in the past three months. The filer certifies they are unaware of undisclosed material adverse information and includes the standard Rule 144 representations.
Positive
- Securities were acquired via restricted stock vesting, clarifying the origin of the shares as compensation rather than open-market purchases
- Filing includes full procedural details (broker, share count, acquisition dates, sale date), indicating compliance with Rule 144 disclosure requirements
Negative
- None.
Insights
TL;DR: Small, routine Rule 144 sale by an insider; not material to company valuation.
The notice documents a planned open-market sale of 6,500 common shares valued at $715,000, representing a negligible fraction of 106,685,160 outstanding shares. The holdings were acquired via restricted stock vesting in 2015 and 2024, indicating compensation-related origin rather than external purchase. No prior sales in the past three months are reported, and the filer affirms absence of undisclosed material information. For investors, this appears to be a routine liquidity event with limited market or governance implication.
TL;DR: Governance disclosure is standard and complete for a Form 144; filings align with Rule 144 requirements.
The Form 144 lists broker, share count, acquisition dates, and nature of acquisition (restricted stock vesting), satisfying key disclosure elements. The seller's representation about lack of material non-public information and the absence of recent sales support procedural compliance. The transaction size and origin (compensation vesting) suggest this is a personal liquidity action rather than a signal of corporate stress or strategic change.