Morris Wes's Form 4 filing
Tyson Foods, Inc. (TSN) · filed Nov 21, 2023
- Accession no.
- 0000100493-23-000123
- Filed
- Nov 21, 2023
- Trade date
- Nov 17, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 2 derivative transactions. Open-market sales total $498.5K. 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 |
|---|---|
| Morris WesCIK 0001963974 | Officer (Group President Poultry) |
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 17, 2023 | Class A Common Stock | SSaleDisposed | −500 | $48.14 | −$24,070 | 0 | Indirect | |
| Nov 17, 2023 | Class A Common Stock | SSaleDisposed | −500 | $48.12 | −$24,060 | 0 | Indirect | |
| Nov 17, 2023 | Class A Common Stock | SSaleDisposed | −9,362 | $48.11 | −$450,405.82 | 33,396.55 | Direct | |
| Nov 17, 2023 | Class A Common Stock | AGrant or awardAcquired | +15,387.77 | –F1 | – | 49,399.84 | 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 17, 2023 | Class A Common Stock | AGrant or awardAcquired | +66,196 | $0.00 | $0 | 66,196 | Direct | |
| Nov 17, 2023 | Class A Common Stock | AGrant or awardAcquired | +61,551.09 | –F4 | – | 61,551.09 | 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.
- F1
Restricted Stock award of Class A Common Stock which will vest in equal annual increments on each of approximately the first, second and third anniversary dates of the grant and become fully vested after three years.
Referenced by the price of 1 transaction in Table I.
- F4
Award of performance Class A Common Stock which vests on November 17, 2026 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 2024-2026) 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 2024-2026) period. 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.