Form 4: Pilgrim's Pride Director Batista Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Director Wesley Mendonca Batista reports acquiring dividend equivalent units related to restricted stock units (RSUs) of Pilgrim's Pride Corp.
Summary
- On April 17, 2025, Wesley Mendonca Batista, a director and 10% owner of Pilgrim's Pride Corp (PPC), acquired 219 dividend equivalent units.
- These units are linked to previously granted RSUs and represent the right to receive one share of PPC common stock per unit, contingent on the terms and conditions of the RSUs.
- Following this transaction, Batista directly owns 219 dividend equivalent units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing the acquisition of dividend equivalent units, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in the beneficial ownership of securities by company insiders.
Stakeholder Impact
- The acquisition of dividend equivalent units has a minimal impact on stakeholders as it is related to existing RSU grants.
Key Dates
| Date | Description |
|---|---|
| 04/17/2025 | Date of transaction: Acquisition of dividend equivalent units |
| 04/22/2025 | Date of signature on the Form 4 filing |
Keywords
Pilgrim's Pride, PPC, Director, Wesley Mendonca Batista, Dividend Equivalent Units, RSUs, Form 4, Beneficial Ownership
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