Form 4: J.M. Smucker Co. Executive Jill R. Penrose Reports Stock Transactions
SEC Form 4 Filing
Jill R. Penrose, Chief People Officer of J.M. Smucker Co., reports the disposal of shares to cover tax liabilities upon vesting of restricted stock.
Summary
- On June 17, 2024, Jill R. Penrose, Chief People Officer of J.M. Smucker Co., disposed of 146 and 142 common shares at a price of $112.18 each to satisfy tax liabilities.
- These transactions were related to the vesting of restricted stock under The J. M. Smucker Company 2020 Equity and Incentive Compensation Plan.
- Following these transactions, Penrose directly owns 13,911 common shares and indirectly owns 2,526 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reports routine stock transactions for tax purposes.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 06/17/2024 | Date of stock disposal transactions. |
| 06/18/2024 | Date of signature by Power of Attorney. |
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