SJM director receives 1,566 deferred units; holdings 5,946.31 shares
J M Smucker Co (SJM) director Jonathan E. Johnson III reported an acquisition of 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
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,566 | $0.00 | $0.00 |
Footnotes (2)
- F1. Deferred Stock Units are payable in Common Shares at a rate of 1-for-1 following termination of services as a director.
- F2. This amount includes shares acquired under the Company's dividend reinvestment plan, as administered by its transfer agent.
FAQ
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What did SJM insider Jonathan E. Johnson III report on Form 4?
Did the reporting person pay cash for the deferred stock units?
When was the Form 4 signed and filed?
What is the conversion or payout condition for the deferred stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.