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

Signature
/s/ Marissa Savells by Power of Attorney for Johanna Soderstrom
Stock symbol
TSN
Transactions as of
Nov 17, 2023
Transactions value $
-$314,471
Form type
4
Date filed
11/21/2023, 04:38 PM
Previous filing
Aug 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TSN Class A Common Stock Award +12.8K +41.01% 44.1K Nov 17, 2023 Direct F1
transaction TSN Class A Common Stock Tax liability -$138K -2.85K -6.46% $48.41 41.2K Nov 20, 2023 Direct F2
transaction TSN Class A Common Stock Options Exercise +12.6K +30.44% 53.8K Nov 20, 2023 Direct F3
transaction TSN Class A Common Stock Tax liability -$177K -3.65K -6.76% $48.41 50.3K Nov 20, 2023 Direct F4, F5
holding TSN Class A Common Stock 3.02K Nov 17, 2023 Employee Stock Purchase Plan

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 +55.2K $0.00 55.2K Nov 17, 2023 Class A Common Stock 55.2K $48.74 Direct F6
transaction TSN Performance Shares Award +51.3K 51.3K Nov 17, 2023 Class A Common Stock 51.3K Direct F7
transaction TSN Performance Shares Award +16.9K 16.9K Nov 17, 2023 Class A Common Stock 16.9K Direct F8
transaction TSN Performance Shares Options Exercise -25.1K -100% 0 Nov 20, 2023 Class A Common Stock 25.1K Direct F9
* 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 On November 20, 2023, 6,802.053 shares of restricted Class A Common Stock vested. The restricted shares were previously reported as beneficially owned by the Reporting Person. Pursuant to the terms of the award agreement these shares were withheld by the Issuer to satisfy tax withholding obligations.
F3 On November 20, 2020 the Reporting Person received a grant of performance shares which vested or expired on November 20, 2023 subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative operating income target of $7.637 billion for the 2021-2023 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 2021-2023 fiscal years. The performance shares could vest at a level of 50 percent -200 percent per performance criteria and were previously reported in the aggregate as derivative securities at the 200 percent level. On November 20, 2023, 12,553.506 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 Includes 183.601 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.
F6 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.
F7 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.
F8 Award of performance Class A Common Stock which will vest in equal annual increments on the first and second anniversary dates of the grant if the performance metric described in the applicable Stock Incentive Agreement (the "SIA") is achieved. The performance metric set forth in the SIAs is the achievement of a one year (fiscal 2024) operating income target. Subject to the achievement of the performance metric, the performance shares could vest at a level of 25 to 100 percent and are reported as derivative securities at the 100 percent level. If the performance metric is not achieved, the award expires.
F9 A portion of these performance shares vested as described in footnote 3. The remainder of the award expired.