Form 4: J.M. Smucker Co. Executive John P. Brase Reports Changes in Beneficial Ownership

John P. Brase, President and COO of J.M. Smucker Co., reports acquisition of restricted stock and transfer of shares to a grantor retained annuity trust.

Summary

• On April 30, 2025, John P. Brase, President and COO of J.M. Smucker Co., reported changes in his beneficial ownership of the company's stock.
• Brase acquired 35,000 common shares as a special one-time award of restricted stock, which will vest ratably from the second through fifth anniversary of the grant date.
• He also transferred 8,665 shares from his direct ownership to a grantor retained annuity trust (GRAT) on December 5, 2024.
• Following these transactions, Brase directly owns 61,924 common shares and indirectly owns 8,665 shares through the GRAT.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects standard executive compensation and estate planning activities.

Positives

• The acquisition of 35,000 restricted shares indicates confidence in the company's future performance.

Future Outlook

The vesting schedule of the restricted stock suggests a multi-year commitment from the executive.

Industry Context

Executive stock ownership is a common practice to align management's interests with those of shareholders. The use of GRATs is a common estate planning technique.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock awards to incentivize long-term performance, similar to practices at companies like General Mills (GIS) and Kellogg (K).

Stakeholder Impact

• The stock acquisition could be viewed positively by shareholders as it aligns executive interests with company performance.

Key Dates

Keywords

beneficial ownership, Form 4, J.M. Smucker Co., John P. Brase, restricted stock, grantor retained annuity trust, SJM, shares