Form 4: Pilgrim's Pride Director Tomazoni Reports Acquisition of Dividend Equivalent Units
SEC Form 4 Filing
Director Gilberto Tomazoni reports acquiring 219 dividend equivalent units related to restricted stock units (RSUs) of Pilgrim's Pride Corp.
Summary
- On April 17, 2025, Gilberto Tomazoni, a director of Pilgrim's Pride Corp, acquired 219 dividend equivalent units.
- These units are associated with previously granted Restricted Stock Units (RSUs).
- Each dividend equivalent unit represents the right to receive one share of PPC common stock, contingent upon the terms and conditions of the corresponding RSUs.
- Following this transaction, Tomazoni directly owns 219 dividend equivalent units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to dividend equivalent units, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of dividend equivalent units has a minimal direct impact on stakeholders, as it is related to existing RSU grants.
Key Dates
| Date | Description |
|---|---|
| 04/17/2025 | Date of transaction: Gilberto Tomazoni acquired 219 dividend equivalent units. |
| 04/22/2025 | Date of signature for the Form 4 filing. |
Keywords
Pilgrim's Pride Corp, Director, Tomazoni, Dividend Equivalent Units, RSUs, PPC, Form 4
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