Smucker CLO gets stock grant, sells 5,550 shares
J. M. Smucker Chief Legal Officer Jeannette L. Knudsen reported a mix of share awards and sales in company stock.
Rhea-AI Filing Summary
J. M. Smucker Chief Legal Officer Jeannette L. Knudsen reported a mix of share awards and sales in company stock. She received a grant of 6,797 common shares at no cost as restricted stock for fiscal year 2027, awarded under The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan. These restricted shares vest in three equal annual installments beginning on June 11, 2027.
On the same date, she sold 5,550 common shares in an open-market transaction at a price of $116.29 per share. Following these transactions, she directly holds 22,836 common shares and indirectly holds 5,199 common shares through a 401(k) plan, which also reflects shares accumulated via the company’s 401(k) and dividend reinvestment plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,550 shares
Net Sell
3 txns
Insider
Knudsen Jeannette L
Role
Chief Legal Officer
Sold
5,550 shs ($645K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares | 5,550 | $116.29 | $645K |
| Grant/Award | Common Shares | 6,797 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 22,836 shares (Direct);
Common Shares — 5,199 shares (Indirect, By 401(k))
Footnotes (2)
- F1. The restricted stock granted for fiscal year 2027 pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan vests in three equal annual installments beginning on June 11, 2027.
- F2. 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.
Key Figures
Restricted stock grant: 6,797 shares
Restricted stock vesting: 3 equal installments
Shares sold: 5,550 shares
+3 more
6 metrics
Restricted stock grant
6,797 shares
Fiscal year 2027 award, granted June 11, 2026
Restricted stock vesting
3 equal installments
Annually beginning June 11, 2027
Shares sold
5,550 shares
Open-market sale on June 11, 2026
Sale price
$116.29 per share
Open-market transaction for common shares
Direct holdings after
16,039 shares
Common shares directly owned following transactions
Indirect 401(k) holdings after
5,199 shares
Common shares held via 401(k) and dividend reinvestment plan
Key Terms
restricted stock, 2020 Equity and Incentive Compensation Plan, 401(k) plan, dividend reinvestment plan, +2 more
6 terms
restricted stock financial
"The restricted stock granted for fiscal year 2027 pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan vests in three equal annual installments"
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
"The restricted stock granted for fiscal year 2027 pursuant to The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan vests in three equal annual installments"
401(k) plan financial
"This amount includes shares acquired under (i) the Company's 401(k) plan since the date of the reporting person's last ownership report"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
dividend reinvestment plan financial
"and (ii) the Company's dividend reinvestment plan as administered by its transfer agent."
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.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"direct_or_indirect: "I", nature_of_ownership: "By 401(k)""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did J M Smucker (SJM) Chief Legal Officer Jeannette Knudsen do in this Form 4?
Jeannette L. Knudsen reported both an equity award and a sale of J. M. Smucker common shares. She received 6,797 restricted shares as compensation and sold 5,550 shares in an open-market transaction, updating her direct and indirect ownership positions.
What restricted stock award did Jeannette Knudsen receive from J M Smucker (SJM)?
She received a grant of 6,797 restricted common shares for fiscal year 2027 under the company’s 2020 Equity and Incentive Compensation Plan. The award vests in three equal annual installments beginning on June 11, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
