J M Smucker HR chief has 1,461 shares withheld for taxes
Chief People Officer Jill R. Penrose reported shares withheld to cover taxes on restricted stock vesting, with updated direct and 401(k) holdings disclosed.
Rhea-AI Filing Summary
J M SMUCKER Co (SJM) reports that Chief People Officer Jill R. Penrose had 1,461 Common Shares withheld on September 1, 2026 to satisfy tax liability upon the vesting of restricted stock under The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan. After this tax-withholding disposition, she holds 14,334 Common Shares directly and 2,755 Common Shares indirectly through a 401(k) plan and the company’s dividend reinvestment plan.
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Insider Trade Summary
Tax Withholding: 1,461 shares
Tax Withholding
2 txns
Insider
Penrose Jill R
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares F1 | 1,461 | $131.42 | $192K |
| holding | Common Shares F2 | -- | -- | -- |
Holdings After Transaction:
Common Shares — 14,334 shares (Direct);
Common Shares — 2,755 shares (Indirect, 401(k))
Footnotes (2)
- F1. Smucker common shares withheld by the Company to satisfy tax liability upon the vesting of restricted stock pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan.
- F2. This amount also includes shares acquired under (i) the Company's 401(k) plan since the date of the reporting person's last ownership report and (ii) the Company's dividend reinvestment plan as administered by its transfer agent.
Key Figures
Shares withheld for tax liability: 1,461 shares
Per-share value for tax-withholding shares: $131.42 per share
Direct Common Shares after transaction: 14,334 shares
+1 more
4 metrics
Shares withheld for tax liability
1,461 shares
Common Shares withheld on September 1, 2026 upon restricted stock vesting
Per-share value for tax-withholding shares
$131.42 per share
Applied to 1,461 Common Shares withheld to satisfy tax liability
Direct Common Shares after transaction
14,334 shares
Direct holdings of Jill R. Penrose following the September 1, 2026 transaction
Indirect Common Shares in 401(k) and DRIP
2,755 shares
Indirect holdings through 401(k) plan and dividend reinvestment plan after the transaction
Key Terms
restricted stock, 401(k) plan, dividend reinvestment plan, tax liability, +1 more
5 terms
restricted stock financial
"tax liability upon the vesting of restricted stock pursuant to The J. M. Smucker Company 2020 Equity"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
401(k) plan financial
"includes shares acquired under (i) the Company's 401(k) plan since the date"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
dividend reinvestment plan financial
"and (ii) the Company's dividend reinvestment plan as administered by its transfer agent"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
tax liability financial
"withheld by the Company to satisfy tax liability upon the vesting of restricted stock"
Equity and Incentive Compensation Plan financial
"pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan"
FAQ
What insider transaction did SJM report for Chief People Officer Jill R. Penrose?
Jill R. Penrose reported that 1,461 Common Shares were withheld on September 1, 2026 to satisfy tax liability arising from the vesting of restricted stock under the company’s 2020 Equity and Incentive Compensation Plan.
What indirect J M SMUCKER (SJM) holdings does Jill R. Penrose report?
Jill R. Penrose reports 2,755 Common Shares held indirectly through a 401(k) plan, which also includes shares acquired under the company’s 401(k) plan and its dividend reinvestment plan since her last ownership report.
Was the SJM insider transaction by Jill R. Penrose a market sale or tax withholding?
The transaction was tax withholding: 1,461 Smucker common shares were withheld by the company to satisfy tax liability upon the vesting of restricted stock, rather than being an open-market sale.
Is Jill R. Penrose’s SJM Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmatively checked, and the transaction is described as shares withheld by the company to satisfy tax liability upon restricted stock vesting, not as a trade under a pre-arranged Rule 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
