Tyson Foods, Inc. (NYSE: TSN) awards 48,417.776 RSUs to incoming CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tyson Foods, Inc. reports that President & CEO Elect Jeffrey K. Schomburger received a grant of 48,417.776 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock, vesting in equal annual installments over three years. Following this award, he is reported as beneficially owning 80,679.967 Class A shares, including 464.763 shares acquired through the company’s dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schomburger Jeffrey K
Role
President & CEO Elect
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 48,417.776 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 80,679.967 shares (Direct)
Footnotes (1)
- Award of restricted stock units ("RSUs") which vest in equal annual increments on each of the first, second and third anniversary dates of the grant and become fully vested after three years. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Includes 464.763 shares of the Issuer's Class A Common Stock received by the Reporting Person pursuant to the Issuer's dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16a-11.
Key Figures
RSU grant size: 48,417.776 shares
Transaction price per share: $0.0000
Shares beneficially owned after award: 80,679.967 shares
+2 more
5 metrics
RSU grant size
48,417.776 shares
Restricted stock units awarded to President & CEO Elect Jeffrey K. Schomburger
Transaction price per share
$0.0000
Reported price for the RSU grant (compensation award, not market purchase)
Shares beneficially owned after award
80,679.967 shares
Class A Common Stock beneficially owned by Schomburger following the transaction
Dividend reinvestment plan shares
464.763 shares
Class A shares received through Tyson Foods’ dividend reinvestment plan since last report
Vesting period
3 years
RSUs vest in equal annual increments on the first, second and third anniversaries
Key Terms
restricted stock units, dividend reinvestment plan, Section 16, Rule 16a-11
4 terms
restricted stock units financial
"Award of restricted stock units ("RSUs") which vest in equal annual increments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment plan financial
"shares of the Issuer's Class A Common Stock received pursuant to the Issuer's dividend reinvestment plan"
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.
Section 16 regulatory
"Such acquisitions are exempt from Section 16 concurrent reporting requirements"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
Rule 16a-11 regulatory
"exempt from Section 16 concurrent reporting requirements pursuant to Rule 16a-11"
FAQ
What insider transaction did TSN report for Jeffrey K. Schomburger?
Tyson Foods reported that President & CEO Elect Jeffrey K. Schomburger received a grant of 48,417.776 RSUs. These restricted stock units vest in three equal annual installments and each represents a right to receive one share of Class A Common Stock.
What are the vesting terms of the 48,417.776 RSUs granted by TSN?
The 48,417.776 RSUs granted to Jeffrey K. Schomburger vest in equal annual increments on the first, second, and third anniversaries of the grant date. The RSUs become fully vested after three years from the grant date.