Form 4: J.M. Smucker Co. Chief Legal Officer Reports Sale of Common Shares

Jeannette L. Knudsen, Chief Legal Officer of J.M. Smucker Co., reported the sale of 6,500 common shares at an average price of $121.78 on March 4, 2024.

Summary

• On March 4, 2024, Jeannette L. Knudsen, the Chief Legal Officer of J.M. Smucker Co. (SJM), sold 6,500 common shares.
• The shares were sold at a weighted average price of $121.78, with individual transactions ranging from $121.78 to $121.82.
• Following the transaction, Knudsen directly owns 12,146 common shares and indirectly owns 4,762 shares through a 401(k) plan.
• The reported transaction was filed with the Securities and Exchange Commission (SEC) on March 5, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common among corporate executives. It provides transparency to investors regarding the transactions of company insiders.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some shareholders, although it is a common occurrence.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.

Key Dates