Form 4: Sanfilippo Executive Awarded Restricted Stock Units

Gina M. Lakatos, VP, General Counsel, and Secretary of John B. Sanfilippo & Son, Inc., was granted 1,073 restricted stock units on November 20, 2024.

Summary

• Gina M. Lakatos, a Vice President, General Counsel, and Secretary at John B. Sanfilippo & Son, Inc., received 1,073 restricted stock units.
• These units were granted under the company's 2023 Omnibus Incentive Plan.
• Each unit represents the right to receive one share of common stock upon vesting.
• The restricted stock units are scheduled to vest on November 20, 2027, subject to certain conditions.
• Once vested, the units will generally be paid in an equivalent number of shares of the company's common stock on November 20, 2027.
• Following this transaction, Ms. Lakatos beneficially owns 3,335 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice, which is generally viewed positively as it aligns management and shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting period of three years encourages long-term commitment from the executive.

Risks

• The vesting of the restricted stock units is subject to certain conditions, which are not specified in the document.

Future Outlook

The restricted stock units are scheduled to vest on November 20, 2027, subject to certain conditions.

Industry Context

The granting of restricted stock units is a common practice for incentivizing executives in publicly traded companies.

Comparison to Industry Standards

• Many companies use restricted stock units as part of their executive compensation packages.
• The vesting period of three years is fairly standard for such grants.
• Companies like Mondelez International and Hershey also use similar equity-based compensation methods.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

restricted stock units, stock grant, executive compensation, insider trading, beneficial ownership, equity, JBSS, Sanfilippo