Form 4: Pilgrim's Pride CFO Reports Acquisition of Dividend Equivalent Units

Matthew R Galvanoni, CFO of Pilgrim's Pride Corp, reports the acquisition of dividend equivalent units related to previously granted RSUs and PSUs.

Summary

• On April 17, 2025, Matthew R Galvanoni, the Chief Financial Officer of Pilgrim's Pride Corp, reported the acquisition of 14,345 dividend equivalent units.
• These units are related to previously granted Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
• Each dividend equivalent unit represents the right to receive one share of Pilgrim's Pride common stock, subject to the terms and conditions of the corresponding RSUs and PSUs.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the ongoing accrual of dividend equivalents on equity-based compensation.

Stakeholder Impact

• The acquisition of dividend equivalent units has a minor impact on shareholders as it relates to potential future dilution upon vesting and settlement of the underlying RSUs and PSUs.

Key Dates

Keywords

Pilgrim's Pride, PPC, Dividend Equivalent Units, RSU, PSU, Matthew R Galvanoni, CFO, Form 4, SEC Filing