[Form 4] J M SMUCKER Co Insider Trading Activity

Rhea-AI Filing Summary

J M Smucker Co (SJM) director Dawn C. Willoughby received 1,566 deferred stock units on 10/01/2025 that convert 1-for-1 into common shares upon termination of her service as a director. The Form 4 shows these units were acquired at a $0 price and increased her total reported beneficial ownership to 16,451.846 common shares, which includes shares held through the company’s dividend reinvestment plan. The filing was submitted on 10/03/2025 by a power of attorney.

Positive

• 1,566 deferred stock units granted to a director, aligning compensation with shareholder equity
• Reported beneficial ownership increased to 16,451.846 shares, including dividend reinvestment plan holdings

Negative

• None.

Insights

Corporate Governance Analyst

Director received 1,566 deferred stock units that convert to shares on termination.

The filing documents a non‑cash grant of 1,566 deferred stock units awarded to Dawn C. Willoughby on 10/01/2025. These units convert 1‑for‑1 into common shares upon the end of her directorship, meaning the economic transfer is deferred rather than immediate.

This transaction increased her reported beneficial ownership to 16,451.846 shares, with the filing noting inclusion of shares from the company’s dividend reinvestment plan. The report was signed under power of attorney on 10/03/2025.

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^*

Willoughby Dawn C

(Last) (First) (Middle)

ONE STRAWBERRY LANE

(Street)

ORRVILLE OH 44667

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
J M SMUCKER Co [ SJM ]

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)
10/01/2025

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
Deferred Stock Units	(1)	10/01/2025		A		1,566		(1)	(1)	Common Shares	1,566	$0	16,451.846(2)	D

Explanation of Responses:

1. Deferred Stock Units are payable in Common Shares at a rate of 1-for-1 following termination of services as a director.

2. This amount includes shares acquired under the Company's dividend reinvestment plan, as administered by its transfer agent.

Remarks:

	/s/ Jeannette L. Knudsen, POA	10/03/2025
	** 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 did the Form 4 filed for SJM disclose about Dawn C. Willoughby?

The Form 4 shows Dawn C. Willoughby received 1,566 deferred stock units on 10/01/2025, payable 1‑for‑1 in common shares upon termination of her service.

How many shares does Dawn C. Willoughby beneficially own after the reported transaction?

The filing reports 16,451.846 common shares beneficially owned following the transaction, which includes shares from the dividend reinvestment plan.

What is the acquisition price for the deferred stock units reported on the Form 4?

The deferred stock units were reported with a price of $0 on the Form 4.

When were the transaction and filing dates recorded on the Form 4 for SJM?

The transaction date is listed as 10/01/2025 and the Form 4 was signed/submitted on 10/03/2025 by a power of attorney.

Do the deferred stock units convert immediately into shares?

No. The filing states the deferred stock units are payable in common shares at a rate of 1‑for‑1 following termination of services as a director.