Form 4: J M Smucker Co: Chief Legal Officer Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Jeannette L. Knudsen, Chief Legal Officer of J M Smucker Co, reports disposing of common shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On June 17, 2024, Jeannette L. Knudsen, Chief Legal Officer of J M Smucker Co, disposed of common shares to satisfy tax obligations.
- The disposals were related to the vesting of restricted stock under the company's 2020 Equity and Incentive Compensation Plan.
- A total of 182 and 170 common shares were disposed of at a price of $112.18 each.
- Following the transactions, Knudsen directly owns 17,327 common shares and indirectly owns 4,807 shares through a 401(k).
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to executive compensation and tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of stock disposal transactions |
| 06/18/2024 | Date of signature on the report |
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