Form 4: Pilgrim's Pride Director Acquires Restricted Stock Units
SEC Form 4 Filing
Joesley Mendonca Batista, a director of Pilgrim's Pride Corp, acquired 1,696 restricted stock units on May 1, 2024, which vest upon departure from the company's Board of Directors.
Summary
- On May 1, 2024, Joesley Mendonca Batista, a director of Pilgrim's Pride Corp, acquired 1,696 restricted stock units.
- These restricted stock units vest upon the director's departure from the Company's Board of Directors.
- Each restricted stock unit represents a contingent right to receive one share of PPC common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock ownership, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of a director's acquisition of restricted stock units, a common form of executive compensation in publicly traded companies.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Joesley Mendonca Batista acquired 1,696 restricted stock units. |
| 08/27/2024 | Date of signature on the report. |
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