Form 4: J M Smucker Co Director, Kirk Perry, Reports Acquisition of Deferred Stock Units

Director Kirk Perry reported the acquisition of deferred stock units in J M Smucker Co on July 1, 2024.

Summary

• On July 1, 2024, Kirk Perry, a director of J M Smucker Co, acquired 226.224 deferred stock units.
• These deferred stock units are payable in common shares on a 1-for-1 basis following the termination of services as a director.
• Following the transaction, Perry beneficially owns 16,684.333 common shares, which includes shares acquired under the company's dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Future Outlook

The deferred stock units will be converted to common shares upon termination of services as a director.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred stock units, which is a common form of executive compensation.

Comparison to Industry Standards

• Executive compensation packages often include deferred stock units to align the interests of directors with the long-term performance of the company.
• Companies like Nestle, Unilever, and Kraft Heinz also use similar compensation methods for their executives.
• The amount of deferred stock units granted is typical for directors of companies with similar market capitalization and revenue.

Stakeholder Impact

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders, promoting long-term value creation.

Key Dates