Form 4: J.M. Smucker Co. Executive Mark T. Smucker Sells 10,000 Shares
SEC Form 4 Filing
Mark T. Smucker, Chair of the Board, President, and CEO of J.M. Smucker Co., sold 10,000 shares of common stock at an average price of $110.16 on June 21, 2024.
Summary
- On June 21, 2024, Mark T. Smucker, the Chair of the Board, President, and CEO of J.M. Smucker Co., sold 10,000 common shares.
- The shares were sold at a weighted average price of $110.16, with individual transactions ranging from $110.14 to $110.29.
- Following the transaction, Mr. Smucker directly owns 78,757 shares.
- He also indirectly owns shares through a 401(k), various grantor retained annuity trusts (GRATs), a trust, and shares attributed to his wife and trusts for his children.
- On June 20, 2024, 31,014 shares were transferred from the reporting person's grantor retained annuity trust (2023) to his direct ownership.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The sale itself doesn't necessarily indicate a positive or negative outlook, but further context would be needed to assess the implications.
Industry Context
Executive stock sales are a common occurrence and are often scrutinized by investors to gauge management's sentiment about the company's future prospects. It is important to consider the overall context, including the executive's total holdings and past trading activity.
Comparison to Industry Standards
- Executive compensation and stock ownership structures vary across the food industry.
- Comparing Mark T. Smucker's holdings and trading activity to peers at companies like General Mills (GIS), Kellogg (K), or Kraft Heinz (KHC) would provide a broader perspective.
- Analyzing the frequency and size of insider transactions across these companies can help determine if this sale is typical or unusual.
Stakeholder Impact
- The sale could have a minor impact on shareholder sentiment, depending on how it's perceived by the market.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | 31,014 shares were transferred from the reporting person's grantor retained annuity trust (2023) to his direct ownership. |
| 06/21/2024 | Mark T. Smucker sold 10,000 shares of J.M. Smucker Co. common stock. |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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