J M Smucker CEO sells 84,821 exercised shares
J M Smucker’s CEO exercised 84,821 options and sold the resulting shares, while retaining indirect holdings through retirement and trust accounts.
Rhea-AI Filing Summary
J M SMUCKER Co (SJM) CEO and Chair Mark T. Smucker reported exercising options for 84,821 Common Shares at an exercise price of $108.90 per share on August 31, 2026, then selling the same 84,821 Common Shares at a weighted average price of $131.39 per share in multiple transactions. The option, originally granted for fiscal 2021, is now fully exercised with 0 option shares remaining from this grant. Following these transactions, he reports indirect holdings including 7,640 Common Shares by a 401(k) plan, 60,000 Common Shares by a 2025 grantor retained annuity trust, and additional shares held by other family and trust entities, some of which he disclaims beneficial ownership. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 84,821 shares ($1.91M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
SMUCKER MARK T
Role
CEO, Chair of Board
Sold
84,821 shs ($11.14M)
Approx. gross sale proceeds
$11.14M
Approx. exercise cost
$9.24M
Approx. pre-tax spread
$1.91M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option Common Shares F6 | 84,821 | $108.90 | $9.24M |
| Exercise | Common Shares F1 | 84,821 | $108.90 | $9.24M |
| Sale | Common Shares F2 | 84,821 | $131.39 | $11.14M |
| holding | Common Shares F3 | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares F4 | -- | -- | -- |
| holding | Common Shares F5 | -- | -- | -- |
| holding | Common Shares F5 | -- | -- | -- |
| holding | Common Shares F5 | -- | -- | -- |
Holdings After Transaction:
Option Common Shares — 0 contracts (Direct);
Common Shares — 101,386 shares (Direct);
Common Shares — 7,640 shares (Indirect, By 401(k));
Common Shares — 60,000 shares (Indirect, By GRAT (2025));
Common Shares — 42,626 shares (Indirect, By Trust);
Common Shares — 3,469 shares (Indirect, By Wife);
Common Shares — 12,770.67 shares (Indirect, By Trusts FBO Son);
Common Shares — 12,770.67 shares (Indirect, By Trusts FBO Daughter)
Footnotes (6)
- F1. This amount includes 19,377 shares, which were inadvertently included in the reporting person's trust rather than his direct ownership. On March 24, 2026, 19,377 shares were moved from the reporting person's grantor retained annuity trust to his direct ownership.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.15 to $131.78, inclusive. The reporting person undertakes to provide to The J. M. Smucker Company, any shareholder of The J. M. Smucker Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F3. This amount 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.
- F4. This amount (i) includes shares acquired under the Company's dividend reinvestment plan, as administered by its transfer agent, and (ii) excludes 19,377 shares, which were inadvertently included in the reporting person's trust rather than his direct ownership.
- F5. The reporting person disclaims beneficial ownership of these shares.
- F6. The option, which was granted for fiscal year 2021 pursuant to The J. M. Smucker Company 2010 Equity and Incentive Compensation Plan, vested in three equal annual installments beginning on June 17, 2021.
Key Figures
Options exercised: 84,821 shares
Option exercise price: $108.90 per share
Common Shares sold: 84,821 shares
+4 more
7 metrics
Options exercised
84,821 shares
Option Common Shares exercised on August 31, 2026
Option exercise price
$108.90 per share
Exercise price for 84,821 Option Common Shares
Common Shares sold
84,821 shares
Common Shares sold on August 31, 2026
Weighted average sale price
$131.39 per share
Weighted average price for 84,821 Common Shares sold; trades between $131.15 and $131.78
Indirect 401(k) holdings
7,640 shares
Common Shares held indirectly by 401(k) after transactions
Indirect GRAT (2025) holdings
60,000 shares
Common Shares held indirectly by 2025 grantor retained annuity trust
Indirect Trust holdings
42,626 shares
Common Shares held indirectly by Trust, excluding 19,377 shares moved to direct ownership
Key Terms
grantor retained annuity trust, dividend reinvestment plan, weighted average price, beneficial ownership
4 terms
grantor retained annuity trust financial
"moved from the reporting person's grantor retained annuity trust to his direct"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
dividend reinvestment plan financial
"includes shares acquired under the Company's dividend reinvestment plan, as admin"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What transactions did SJM CEO Mark T. Smucker report on August 31, 2026?
He exercised options for 84,821 Common Shares at $108.90 per share and then sold 84,821 Common Shares at a weighted average of $131.39 per share, fully exercising this 2021 option grant.
At what prices were Mark T. Smucker’s SJM transactions executed?
The options were exercised at an exercise price of $108.90 per share. The resulting Common Shares were sold at a weighted average price of $131.39 per share, with individual trades ranging from $131.15 to $131.78.
What indirect SJM holdings does Mark T. Smucker report after these transactions?
He reports indirect ownership of 7,640 Common Shares by a 401(k), 60,000 Common Shares by a 2025 grantor retained annuity trust, and additional shares held by other trusts and his spouse, some of which he disclaims beneficial ownership.
Was Mark T. Smucker’s August 31, 2026 SJM trading under a Rule 10b5-1 plan?
The filing indicates no Rule 10b5-1 trading plan: the document-level checkbox for Rule 10b5-1 is not marked as being used for these transactions.
What is the background of the SJM option exercised by the CEO?
The option was granted for fiscal year 2021 under The J. M. Smucker Company 2010 Equity and Incentive Compensation Plan and vested in three equal annual installments beginning June 17, 2021.
AI-generated analysis. How Rhea-AI works. Not financial advice.
