Form 4: Pilgrim's Pride CEO Fabio Sandri Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Fabio Sandri, President and CEO of Pilgrim's Pride Corp, reports the acquisition of dividend equivalent units convertible to common stock.
Summary
- On April 17, 2025, Fabio Sandri, the President and CEO of Pilgrim's Pride Corp, reported acquiring 63,151 dividend equivalent units.
- These units are based on RSUs and PSUs and each unit represents the right to receive one share of PPC common stock.
- The price of each derivative security is $0.
- Following the transaction, Sandri directly owns 63,151 dividend equivalent units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't convey any specific positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The acquisition of dividend equivalent units by the CEO could be perceived positively by shareholders as it aligns his interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 04/17/2025 | Date of transaction: Fabio Sandri acquired dividend equivalent units. |
| 04/22/2025 | Date of signature for the report. |
Keywords
Pilgrim's Pride, PPC, Fabio Sandri, Dividend Equivalent Units, Form 4, Insider Trading, RSUs, PSUs, Beneficial Ownership
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