Miller Shane's Form 4 filing
Tyson Foods, Inc. (TSN) · filed Nov 22, 2022
- Accession no.
- 0000100493-22-000113
- Filed
- Nov 22, 2022
- Trade date
- Nov 18-22, 2022
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 6 non-derivative transactions and 4 derivative transactions. Open-market sales total $447.7K. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Miller ShaneCIK 0001848347 | Officer (Group President Fresh Meats) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 18, 2022 | Class A Common Stock | FTax withholdingDisposed | −407 | $65.52 | −$26,666.64 | 22,162.57 | Direct | |
| Nov 18, 2022 | Class A Common Stock | MOption exerciseAcquired | +1,641.11 | $0.00 | $0 | 23,803.68 | Direct | |
| Nov 18, 2022 | Class A Common Stock | FTax withholdingDisposed | −745 | $65.52 | −$48,812.4 | 23,058.68 | Direct | |
| Nov 18, 2022 | Class A Common Stock | AGrant or awardAcquired | +7,631.26 | $0.00 | $0 | 30,920.61 | Direct | |
| Nov 22, 2022 | Class A Common Stock | MOption exerciseAcquired | +6,608 | $59.42 | +$392,647.36 | 37,528.61 | Direct | |
| Nov 22, 2022 | Class A Common Stock | SSaleDisposed | −6,608 | $67.75 | −$447,692 | 30,920.61 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 18, 2022 | Class A Common Stock | MOption exerciseDisposed | −3,334.07 | $0.00 | $0 | 0 | Direct | |
| Nov 18, 2022 | Class A Common Stock | AGrant or awardAcquired | +30,525.03 | –F9 | – | 30,525.03 | Direct | |
| Nov 18, 2022 | Class A Common Stock | AGrant or awardAcquired | +31,606 | $0.00 | $0 | 31,606 | Direct | |
| Nov 22, 2022 | Class A Common Stock | MOption exerciseDisposed | −6,608 | $59.42 | −$392,647.36 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F9
Award of performance Class A Common Stock which vests on November 18, 2025 if the performance metrics described in the applicable Stock Incentive Agreement (the "SIA") are achieved. The performance metrics set forth in the SIAs are: (1) achievement of a three year (fiscal 2023-2025) cumulative operating income target; and (2) a favorable comparison of the relative total shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over a three year (fiscal 2023-2025) period; and (3) achievement of a three year (fiscal 2023-2025) average return on invested capital target. Subject to the achievement of the performance metrics, the performance shares could vest at a level of 50 to 200 percent and are reported as derivative securities at the 200 percent level. If none of the performance metrics are achieved, the award expires.
Referenced by the price of 1 transaction in Table II.