Form 4: Pilgrim's Pride CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Matthew Galvanoni, CFO of Pilgrim's Pride Corp, sold 5,483 shares of common stock on February 18, 2025, to satisfy tax withholding requirements.
Summary
- On February 18, 2025, Matthew Galvanoni, the Chief Financial Officer of Pilgrim's Pride Corp, sold 5,483 shares of the company's common stock.
- The sale was executed at a price of $52.3124 per share.
- This transaction was conducted to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the sale, Galvanoni directly owns 46,267 shares of Pilgrim's Pride Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't contain any information that would significantly impact sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the executive's view of the company's future prospects.
Stakeholder Impact
- The sale of shares by the CFO may have a minor impact on shareholders due to the small volume of shares sold.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock sale transaction |
| 02/20/2025 | Date of signature on the Form 4 filing |
Keywords
Pilgrim's Pride Corp, Matthew Galvanoni, CFO, stock sale, Form 4, tax withholding, restricted stock units
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