Smucker CPO has shares withheld for taxes
Accepted by SEC EDGAR
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Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
J.M. Smucker Chief People Officer Jill R. Penrose reported routine share activity tied to equity compensation. On June 15, 2026, a total of 979 common shares were withheld by the company at $115.94 per share to cover tax obligations on vested restricted stock, classified as tax-withholding dispositions rather than open-market sales. After these transactions, she directly holds 20,795 common shares and indirectly holds 2,732 common shares through a 401(k) plan.
Insider Trade Summary
Exercise Price or Tax Liability: 979 shares
Exercise Price or Tax Liability
3 txns
Insider
Penrose Jill R
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 147 | $115.94 | $17K |
| Exercise Price or Tax Liability | Common Shares | 395 | $115.94 | $46K |
| Exercise Price or Tax Liability | Common Shares | 437 | $115.94 | $51K |
| Holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 20,795 shares (Direct);
Common Shares — 2,732 shares (Indirect, 401(k))
Footnotes (1)
- 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.
Key Figures
Tax-withholding shares: 979 shares
Withholding price: $115.94 per share
Direct holdings after transactions: 21,627 shares
+1 more
4 metrics
Tax-withholding shares
979 shares
Common shares withheld for tax liability on June 15, 2026
Withholding price
$115.94 per share
Price used for tax-withholding dispositions
Direct holdings after transactions
21,627 shares
Common shares directly held by Jill Penrose after Form 4
Indirect 401(k) holdings
2,732 shares
Common shares held indirectly through a 401(k) plan
Key Terms
tax-withholding disposition, restricted stock, Equity and Incentive Compensation Plan, 401(k)
4 terms
tax-withholding disposition financial
"classified as tax-withholding dispositions rather than open-market sales"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"to satisfy tax liability upon the vesting of restricted stock"
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.
Equity and Incentive Compensation Plan financial
"pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan"
401(k) financial
"indirectly holds 2,732 common shares through a 401(k) plan"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did J.M. Smucker (SJM) executive Jill Penrose report in this Form 4?
Jill R. Penrose reported tax-related share dispositions, not market sales. The company withheld 979 common shares on June 15, 2026 to satisfy tax liabilities from vested restricted stock under its 2020 Equity and Incentive Compensation Plan.
What plan governed the J.M. Smucker (SJM) restricted stock for Jill Penrose?
The restricted stock is issued under The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan. Shares were withheld by the company under this plan to satisfy Jill Penrose’s tax obligations when her restricted stock vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
