Form 4: Director Henderson Acquires SJM Deferred Stock Units

J M Smucker Co. Director Jay L. Henderson reported the acquisition of 1,566 deferred stock units, increasing his beneficial ownership.

Summary

• Jay L. Henderson, a Director of J M Smucker Co. (SJM), acquired 1,566 Deferred Stock Units.
• The transaction occurred on October 1, 2025.
• These Deferred Stock Units are convertible into Common Shares on a 1-for-1 basis upon termination of services as a director.
• Following this transaction, Mr. Henderson beneficially owns 14,813.126 derivative securities.
• The reported beneficial ownership amount includes shares acquired under the Company's dividend reinvestment plan.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 6

Explanation: Slightly positive, as a director's acquisition of equity, even through a grant, generally indicates confidence in the company's future. The transaction being under a 10b5-1 plan also reflects good governance.

Positives

• A director's acquisition of company equity, even through a grant of deferred units, can signal confidence in the company's future prospects.
• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged, compliant trading strategy.

Future Outlook

Deferred Stock Units are payable in Common Shares at a rate of 1-for-1 following the termination of services as a director.

Management Comments

• The filing was signed by Jeannette L. Knudsen, acting as Power of Attorney for Jay L. Henderson.

Industry Context

This is a routine insider transaction report (Form 4) for a director of a publicly traded company, reflecting equity compensation or a planned acquisition under a Rule 10b5-1 plan. Such filings are common across all industries for corporate insiders.

Corporate Governance

Stakeholder Impact

• Shareholders: May view the director's increased equity stake as a positive signal of alignment with shareholder interests and confidence in the company's performance.

Next Steps

• Conversion of Deferred Stock Units into Common Shares upon Jay L. Henderson's termination of services as a director.

Key Dates

Keywords

SJM, J M Smucker Co, Form 4, insider transaction, director, deferred stock units, equity acquisition, Rule 10b5-1