Noelle O'Mara - Nov 29, 2021 Form 4 Insider Report for TYSON FOODS, INC. (TSN)

Signature
/s/ Mark Liberman by Power of Attorney for Noelle O'Mara
Stock symbol
TSN
Transactions as of
Nov 29, 2021
Transactions value $
-$67,838
Form type
4
Date filed
12/1/2021, 04:29 PM
Previous filing
Nov 23, 2021
Next filing
May 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSN Class A Common Stock Options Exercise $0 +2.84K +9.02% $0.00 34.3K Nov 29, 2021 Direct F1
transaction TSN Class A Common Stock Tax liability -$67.8K -834 -2.43% $81.34 33.5K Nov 29, 2021 Direct F2

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 -5.05K -100% $0.00* 0 Nov 29, 2021 Class A Common Stock 5.05K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 19, 2018 the Reporting Person received a grant of 5,048.806 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, 2,841.846 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 A portion of these performance shares vested as described in footnote 1. The remainder of the award expired.