STOCK TITAN

Smucker (NYSE: SJM) Chief Legal Officer has shares withheld for taxes after vesting

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

J. M. Smucker Chief Legal Officer Jeannette L. Knudsen reported routine tax-related share dispositions and updated holdings. On 2026-06-15, she had 1,483 common shares and another 165 common shares withheld at $115.94 per share to cover tax liabilities tied to restricted stock vesting under The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan.

These F-code transactions are classified as tax-withholding dispositions, not open-market sales, and left her with 22,671 common shares held directly and 5,199 common shares held indirectly through a 401(k) plan.

Positive

  • None.

Negative

  • None.
Insider Knudsen Jeannette L
Role Chief Legal Officer
Type Security Shares Price Value
Tax Withholding Common Shares 165 $115.94 $19K
Tax Withholding Common Shares 1,483 $115.94 $172K
holding Common Shares -- -- --
Holdings After Transaction: Common Shares — 22,671 shares (Direct, null); Common Shares — 5,199 shares (Indirect, By 401(k))
Footnotes (1)
  1. [object Object]
Shares withheld for tax (primary lot) 1,483 shares Tax-withholding disposition of common shares at $115.94 on 2026-06-15
Shares withheld for tax (additional lot) 165 shares Additional tax-withholding disposition of common shares at $115.94 on 2026-06-15
Total tax-withheld shares 1,648 shares Sum of F-code tax-withholding dispositions reported in transaction summary
Tax-withholding price per share $115.94 per share Value used for both F-code tax-withholding dispositions
Direct holdings after transaction 22,671 shares Common shares held directly following reported tax-withholding dispositions
Indirect 401(k) holdings 5,199 shares Common shares held indirectly through 401(k) as of 2026-06-15
tax-withholding disposition financial
"These F-code transactions are classified as tax-withholding dispositions, not 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
"tax liability upon the vesting of restricted stock pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan"
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.
2020 Equity and Incentive Compensation Plan financial
"pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan"
401(k) financial
"5,199 common shares held indirectly 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.
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SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Knudsen Jeannette L

(Last)(First)(Middle)
ONE STRAWBERRY LANE

(Street)
ORRVILLE OHIO 44667

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
J M SMUCKER Co [ SJM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Shares06/15/2026F165(1)D$115.9422,671D
Common Shares06/15/2026F1,483(1)D$115.9421,188D
Common Shares5,199IBy 401(k)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
Remarks:
/s/ Jeannette L. Knudsen06/16/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

How many SJM shares were withheld for Jeannette Knudsen’s taxes?

A total of 1,648 J. M. Smucker common shares were withheld for tax obligations. This included 1,483 shares and an additional 165 shares, each valued at $115.94 per share, as part of the tax-withholding disposition transactions reported in the Form 4.

Were Jeannette Knudsen’s SJM transactions open-market sales?

No, the reported transactions were not open-market sales. They were F-code tax-withholding dispositions, meaning the company retained shares to pay tax liabilities arising from restricted stock vesting under the 2020 Equity and Incentive Compensation Plan.

How many SJM shares does Jeannette Knudsen hold after these transactions?

After the tax-withholding dispositions, she holds 22,671 J. M. Smucker common shares directly. She also has 5,199 common shares held indirectly through a 401(k) plan, reflecting her ongoing equity stake in the company following the reported activity.

What plan was involved in the SJM tax-withholding share dispositions?

The dispositions were connected to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan. Restricted stock vested under this plan, and the company withheld common shares to satisfy associated tax liabilities, as described in the Form 4 footnote.