Tyson Foods chairman receives new equity awards
Tyson Foods, Inc. reports that Chairman John H. Tyson received awards of 51,876.188 performance shares and 51,876.188 restricted stock units tied to Class A Common Stock.
Rhea-AI Filing Summary
Tyson Foods, Inc. reports that Chairman John H. Tyson received awards of 51,876.188 performance shares and 51,876.188 restricted stock units tied to Class A Common Stock. The performance shares vest on November 25, 2028 only if multi-year operating income and relative total shareholder return goals are met. Following these awards, he directly holds 2,989,973.087 Class A shares, including 557.623 shares acquired through a dividend reinvestment plan since his prior ownership filing.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F2 | 51,876.188 | $0.00 | $0.00 |
| Grant/Award | Performance Shares F3 | 51,876.188 | $0.00 | $0.00 |
| holding | Class A Common Stock F1 | -- | -- | -- |
Footnotes (3)
- F1. Includes 557.623 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.
- F2. Award of restricted stock units ("RSUs") of which each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs may be settled in cash in lieu of shares and will vest in accordance with the applicable award terms.
- F3. Award of performance Class A Common Stock which will vest on November 25, 2028 if the performance metrics described in the applicable Stock Incentive Agreement (the "SIA") are achieved. The performance metrics set forth in the SIAs are: (1) achievement of a three-year (fiscal 2026-2028) cumulative operating income target; and (2) a favorable comparison of the relative total shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over a three-year (fiscal 2026-2028) period. Subject to the achievement of the performance metrics, the performance shares could vest at a level of 50 to 200 percent and are reported as derivative securities at the 100 percent level. The grant may be settled in cash in lieu of shares, in accordance with the applicable award terms. If none of the performance metrics are achieved, the award expires.
Key Figures
Key Terms
Restricted Stock Units financial
dividend reinvestment plan financial
Stock Incentive Agreement financial
Rule 16a-11 regulatory
FAQ
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What insider transaction did Tyson Foods (TSN) report for John H. Tyson?
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What does the dividend reinvestment plan disclosure mean in Tyson Foods (TSN) chairman’s Form 4?
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