Form 4: JJSF CCO Inderlied Withholds 25 Shares for Taxes

Matthew T. Inderlied reported withholding 25 JJSF shares at $83.09 to cover taxes on RSU vesting, and now directly holds 1,431 shares.

Summary

• Matthew Todd Inderlied, Director and Chief Customer Officer of J&J Snack Foods (JJSF), reported a Form 4 transaction on 11/17/2025.
• Transaction code F indicates 25 common shares were withheld to satisfy taxes upon RSU vesting.
• Price used for tax withholding: $83.09 per share (closing price immediately preceding the vesting date).
• Post-transaction direct beneficial ownership: 1,431 shares.
• RSU grant of 297 units was issued on 11/17/2023, vesting in three equal annual installments; the 2025 event reflects the second tranche vesting.
• Ownership includes 188 shares acquired through the J&J Snack Foods Corp. 1996 Employee Stock Purchase Plan.
• Form signed by Attorney-in-Fact on 11/18/2025.

Sentiment

Score: 5

Explanation: Neutral, routine tax withholding upon RSU vesting with continued direct ownership and ESPP participation.

Positives

• Continued equity alignment: post-transaction beneficial ownership stands at 1,431 shares.
• Participation in the Employee Stock Purchase Plan (188 shares included) signals ongoing engagement with company equity.
• Vesting of long-term incentives (RSUs) suggests continued retention under equity compensation programs.

Negatives

• Net reduction of 25 shares due to tax withholding upon RSU vesting.

Future Outlook

No forward-looking statements or guidance provided.

Management Comments

• RSUs granted on 11/17/2023 vest equally on the first, second, and third anniversaries of the grant date; the reported shares were withheld to cover taxes for the second tranche.
• The price used reflects the closing price on the last day immediately preceding the vesting date.

Industry Context

This is a routine insider tax-withholding transaction commonly observed across public companies and does not carry broader industry implications for the packaged snacks sector.

Comparison to Industry Standards

• Consistent with standard U.S. public company practice where RSU vesting triggers share withholding for taxes (Code F), similar to disclosures at peers like Hershey (HSY), Mondelez (MDLZ), and PepsiCo (PEP).
• Scale of transaction (25 shares) is immaterial relative to typical insider transactions and aligns with routine administrative equity compensation events.

Stakeholder Impact

• Shareholders: No material impact; minor administrative share withholding.
• Employees: Reinforces presence of equity compensation and ESPP participation.
• Creditors: No implications disclosed.

Key Dates

Keywords

J&J Snack Foods, JJSF, Form 4, insider transaction, restricted stock units, RSU vesting, tax withholding, beneficial ownership, Chief Customer Officer, director, ESPP