Wes Morris - Nov 17, 2023 Form 4 Insider Report for TYSON FOODS, INC. (TSN)

Role
Group President Poultry
Signature
/s/ Marissa Savells by Power of Attorney for Wes Morris
Stock symbol
TSN
Transactions as of
Nov 17, 2023
Transactions value $
-$498,534
Form type
4
Date filed
11/21/2023, 04:37 PM
Previous filing
May 10, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSN Class A Common Stock Sale -$24.1K -500 -100% $48.14 0 Nov 17, 2023 by Daughter
transaction TSN Class A Common Stock Sale -$24.1K -500 -100% $48.12 0 Nov 17, 2023 by Son
transaction TSN Class A Common Stock Sale -$450K -9.36K -21.9% $48.11 33.4K Nov 17, 2023 Direct
transaction TSN Class A Common Stock Award +15.4K +45.24% 49.4K Nov 17, 2023 Direct F1, 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 Non-Qualified Stock Options (Right to Buy) Award $0 +66.2K $0.00 66.2K Nov 17, 2023 Class A Common Stock 66.2K $48.74 Direct F3
transaction TSN Performance Shares Award +61.6K 61.6K Nov 17, 2023 Class A Common Stock 61.6K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Includes 615.511 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.
F3 These options vest in equal annual increments on each of the first, second and third anniversary dates of the grant and become fully vested after three years.
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.