Form 4: TreeHouse Foods EVP, Chief Financial Officer Patrick O'Donnell Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Patrick O'Donnell, EVP and Chief Financial Officer of TreeHouse Foods, reports transactions involving common stock and restricted stock units on March 31, 2024.
Summary
- On March 31, 2024, Patrick O'Donnell, the EVP and Chief Financial Officer of TreeHouse Foods, engaged in transactions involving the company's common stock and restricted stock units.
- These transactions included the settlement of restricted stock units into 466 shares of common stock and the settlement of non-derivative performance units for the performance period ending December 31, 2023, resulting in 658 shares.
- A total of 137 shares were withheld to satisfy minimum tax withholding requirements upon vesting of restricted stock units at a price of $38.95.
- Additionally, 195 shares were withheld to satisfy minimum tax withholding requirements upon settlement of non-derivative performance units at a price of $38.95.
- Following these transactions, O'Donnell directly owns 10,404 shares of TreeHouse Foods common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, and doesn't necessarily reflect a strategic shift for TreeHouse Foods.
Stakeholder Impact
- The transactions have a minor impact on shareholders due to the change in ownership by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Grant date of restricted stock units that vest and settle in stock or cash in three approximately equal installments on each of the first three anniversaries. |
| 12/31/2023 | End of the performance period for non-derivative performance units. |
| 03/31/2024 | Date of transactions involving common stock and restricted stock units. |
| 04/02/2024 | Date of signature for the report. |
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