Noel White - Oct 5, 2022 Form 4 Insider Report for TYSON FOODS, INC. (TSN)

Role
Director
Signature
/s/ Mark Liberman by Power of Attorney for Noel White
Stock symbol
TSN
Transactions as of
Oct 5, 2022
Transactions value $
-$1,870,831
Form type
4
Date filed
11/22/2022, 03:59 PM
Previous filing
Mar 21, 2022
Next filing
Oct 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSN Class A Common Stock Tax liability -$88K -1.32K -3.41% $66.64 37.5K Oct 5, 2022 Direct F1
transaction TSN Class A Common Stock Tax liability -$470K -7.17K -19.14% $65.52 30.3K Nov 18, 2022 Direct F2
transaction TSN Class A Common Stock Options Exercise $0 +35K +115.58% $0.00 65.3K Nov 18, 2022 Direct F3
transaction TSN Class A Common Stock Tax liability -$1.04M -15.8K -24.26% $65.52 49.5K Nov 18, 2022 Direct F4
transaction TSN Class A Common Stock Tax liability -$275K -4.2K -8.38% $65.52 45.9K Nov 20, 2022 Direct F5, F6
holding TSN Class A Common Stock 23K Oct 5, 2022 Employee Stock Purchase Plan F7

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 -71.1K -100% $0.00* 0 Oct 5, 2022 Class A Common Stock 71.1K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 5, 2022, 4,733.597 shares of restricted stock units of 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, 1,321 shares were withheld by the Issuer to satisfy tax withholding obligations.
F2 On November 18, 2022, 19,117.296 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, 7,169 shares were withheld by the Issuer to satisfy tax withholding obligations.
F3 On November 18, 2019 the Reporting Person received a grant of performance shares which vested or expired on November 18, 2022 subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative operating income target of $3.9 billion for the 2020-2022 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 2020-2022 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 18, 2022, 35,010.446 shares vested and are reported herein as acquired non-derivative securities and the remainder of the award expired.
F4 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 3.
F5 On November 20, 2022, 9,785.112 shares of restricted stock units of 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, 4,198 shares were withheld by the Issuer to satisfy tax withholding obligations.
F6 Includes 651.074 shares of the Issuer's Class A Common Stock received by the Reporting Person pursuant to the Issuer's dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16a-11.
F7 Includes 1,418.2478 shares of the Issuer's Class A Common Stock purchased for the Reporting Person's account under the Issuer's Employee Stock Purchase Plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16b-3.
F8 A portion of these performance shares vested as described in footnote 3. The remainder of the award expired.