J M Smucker (SJM) director granted 1,566 deferred stock units on 10/01/2025

Rhea-AI Filing Summary

J M Smucker Co (SJM) director Jonathan E. Johnson III reported an acquisition of 1,566 deferred stock units on 10/01/2025. The deferred stock units are payable 1-for-1 in common shares following termination of his service as a director. The Form 4 shows a post-transaction beneficial ownership figure of 5,946.31 shares, which the filer notes includes shares acquired through the company’s dividend reinvestment plan. The Form was signed by a power of attorney on 10/03/2025. No cash price was paid for the deferred units (listed as $0).

Positive

• 1,566 deferred stock units granted, aligning director compensation with shareholder value
• Post-transaction beneficial ownership of 5,946.31 shares, including dividend reinvestment participation

Negative

• None.

Insights

Corporate Governance Analyst

Director received 1,566 deferred units payable in shares; ownership now 5,946.31.

The Form 4 documents a non-cash grant of 1,566 deferred stock units on 10/01/2025, which are structured to convert 1-for-1 into common shares after the director leaves service. This is a common long-term alignment mechanism between the board member and shareholders.

The filing also discloses a post-transaction beneficial ownership of 5,946.31 shares and notes inclusion of dividend reinvestment plan shares. The transaction carried a reported price of $0, consistent with deferred compensation rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider JOHNSON JONATHAN E III

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	1,566	$0.00	--

Holdings After Transaction: Deferred Stock Units — 5,946.31 shares (Direct)

Footnotes (1)

1. Deferred Stock Units are payable in Common Shares at a rate of 1-for-1 following termination of services as a director. This amount includes shares acquired under the Company's dividend reinvestment plan, as administered by its transfer agent.

Form 4 Insider Transactions: What Each Field Means →

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
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).

1. Name and Address of Reporting Person^*

JOHNSON JONATHAN E III

(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	5,946.31(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 SJM insider Jonathan E. Johnson III report on Form 4?

He reported acquiring 1,566 deferred stock units on 10/01/2025, payable 1-for-1 in common shares following termination of director service.

How many shares does the filing show Jonathan E. Johnson III owns after the transaction?

The Form 4 shows a post-transaction beneficial ownership of 5,946.31 shares, which the filer says includes shares from the dividend reinvestment plan.

Did the reporting person pay cash for the deferred stock units?

The transaction is listed with a price of $0, indicating these were deferred units rather than an open-market purchase.

When was the Form 4 signed and filed?

The form bears a signature by power of attorney on 10/03/2025 and records the transaction date as 10/01/2025.

What is the conversion or payout condition for the deferred stock units?

The filing states the deferred stock units are payable in common shares at a 1-for-1 rate following termination of director services.