Form 4: J M Smucker Co CFO Sells Shares to Cover Tax Obligations

J M Smucker Co's Chief Financial Officer, Tucker H Marshall, sold 443 shares to cover tax liabilities related to vesting restricted stock.

Summary

• Tucker H Marshall, the Chief Financial Officer of J M Smucker Co, sold 443 common shares on December 30, 2024.
• The sale was executed at a price of $109.88 per share.
• This transaction was to cover tax liabilities arising from the vesting of restricted stock under the company's 2020 Equity and Incentive Compensation Plan.
• Following the transaction, Marshall directly owns 18,290.837 common shares and indirectly owns 1,437 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for corporate executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock vests.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with restricted stock units.
• The sale of shares to cover tax liabilities is a standard practice and does not indicate any unusual activity compared to other companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

insider trading, Form 4, stock sale, tax liability, restricted stock, SJM, J M Smucker Co, Tucker H Marshall, Chief Financial Officer