Form 4: J M Smucker Co. Chief Legal Officer Sells Shares
SEC Form 4 Filing
Jeannette L. Knudsen, Chief Legal Officer of J M Smucker Co., disposed of 3,200 common shares at a price of $124.77 on March 27, 2024.
Summary
- On March 27, 2024, Jeannette L. Knudsen, the Chief Legal Officer of J M Smucker Co. (SJM), sold 3,200 common shares of the company.
- The transaction was executed at a price of $124.77 per share.
- Following the transaction, Knudsen directly owns 8,946 common shares and indirectly owns 4,762 shares through a 401(k).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of an insider transaction. Insider sales can sometimes be interpreted negatively by the market, but without additional context, it's difficult to assess the impact.
Stakeholder Impact
- The sale of shares by a high-ranking officer could potentially cause a slight negative reaction from shareholders, depending on the context and the overall market sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of transaction: Sale of 3,200 common shares. |
| 03/28/2024 | Date of signature on the Form 4 filing. |
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