Smucker (NYSE: SJM) Chief Legal Officer has shares withheld for taxes after vesting
Filing Impact
Filing Sentiment
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 Trade Summary
3 transactions reported
Mixed
3 txns
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)
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Key Figures
Shares withheld for tax (primary lot): 1,483 shares
Shares withheld for tax (additional lot): 165 shares
Total tax-withheld shares: 1,648 shares
+3 more
6 metrics
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
Key Terms
tax-withholding disposition, restricted stock, 2020 Equity and Incentive Compensation Plan, 401(k)
4 terms
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.
FAQ
What did SJM Chief Legal Officer Jeannette Knudsen report in this Form 4?
She reported routine tax-withholding dispositions of J. M. Smucker common shares tied to restricted stock vesting. Shares were withheld by the company to satisfy tax liabilities, and her updated direct and 401(k) holdings in SJM stock were disclosed in the filing.
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.