Form 4: J.M. Smucker Co. CFO Receives Stock Award

Tucker H. Marshall, CFO of J.M. Smucker Co., reports acquisition of 22,000 common shares through a restricted stock award.

Summary

• Tucker H. Marshall, the Chief Financial Officer of J. M. Smucker Co, filed a Form 4 on May 1, 2025.
• The report details changes in beneficial ownership of the company's securities.
• Marshall acquired 22,000 common shares on April 30, 2025, through a special one-time restricted stock award.
• These shares were granted under the J. M. Smucker Company 2020 Equity and Incentive Compensation Plan.
• The restricted stock will vest ratably in equal tranches from the second through fifth anniversary of the grant date.
• Marshall directly owns 35,262.837 common shares and indirectly owns 1,450 shares through a 401(k) plan.
• The indirect ownership includes shares acquired under the company's 401(k) plan and dividend reinvestment plan since the last ownership report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The stock award suggests confidence in the CFO and aligns his interests with the company's long-term success. However, it's a routine filing and doesn't indicate any major strategic shifts.

Positives

• The grant of restricted stock to the CFO aligns his interests with the long-term performance of the company.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with shareholders.

Comparison to Industry Standards

• Stock awards are a common component of executive compensation packages in publicly traded companies like J.M. Smucker.
• Companies such as General Mills (GIS) and Kellogg (K) also utilize stock awards as part of their executive compensation plans to incentivize performance and retain key personnel.
• The vesting schedule of the restricted stock is typical, aligning with industry standards for long-term incentive plans.

Stakeholder Impact

• The stock award aligns the CFO's interests with those of shareholders, potentially leading to decisions that benefit shareholder value.
• Employees may view the stock award as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Tucker H. Marshall, J. M. Smucker Co, SJM, Restricted Stock, CFO