Stewart Glendinning - Nov 29, 2021 Form 4 Insider Report for TYSON FOODS, INC. (TSN)

Role
EVP & Chief Financial Officer
Signature
/s/ Mark Liberman as Power of Attorney for Stewart Glendinning
Stock symbol
TSN
Transactions as of
Nov 29, 2021
Transactions value $
-$978,520
Form type
4
Date filed
12/1/2021, 04:27 PM
Previous filing
Nov 23, 2021
Next filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction TSN Class A Common Stock +Options Exercise $0 +17,998 +40.75% $0.00 62,169 Nov 29, 2021 Direct F1
transaction TSN Class A Common Stock -Tax liability -$662,514 -8,145 -13.1% $81.34 54,024 Nov 29, 2021 Direct F2
transaction TSN Class A Common Stock -Tax liability -$316,006 -3,885 -7.19% $81.34 50,139 Nov 29, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TSN Performance Shares -Options Exercise $0 -31,976 -100% $0.00 0 Nov 29, 2021 Class A Common Stock 31,976 Direct F4

Explanation of Responses:

Id Content
F1 On November 19, 2018 the Reporting Person received a grant of 31,975.766 performance shares which vested or expired on November 29, 2021 subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative operating income target of $9,986 million for the 2019-2021 fiscal years and (b) a favorable comparison of the relative shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over the 2019-2021 fiscal years. The performance shares could vest at a level of 50%-200% per performance criteria and were previously reported in the aggregate as derivative securities at the 200% level. On November 29, 2021, 17,998.359 shares vested and are reported herein as acquired non-derivatives securities and the remainder of the award expired.
F2 Pursuant to the terms of the award agreement, these shares were withheld by the Issuer to satisfy tax withholding obligations related to the vesting described in footnote 1.
F3 On November 29, 2021, 8,584.488 shares of restricted Class A Common Stock vested. These shares were previously reported as beneficially owned by the Reporting Person. Pursuant to the terms of the award agreement, 3,885 shares were withheld by the Issuer to satisfy tax withholding obligations.
F4 A portion of these performance shares vested as described in footnote 1. The remainder of the award expired.