Lori Bondar - Dec 4, 2023 Form 3 Insider Report for TYSON FOODS, INC. (TSN)

Role: SVP & Chief Accounting Officer
Signature: /s/ Marissa Savells by Power of Attorney for Lori Bondar
Stock symbol: TSN
Transactions as of: Dec 4, 2023
Transactions value $: $0
Form type: 3
Date filed: 12/8/2023, 03:04 PM
Previous filing: Mar 3, 2023
Next filing: Nov 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TSN	Class A Common Stock						30.3K	Dec 4, 2023	Direct	F1

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
holding	TSN	Performance Shares							Dec 4, 2023	Class A Common Stock	6.16K		Direct	F2
holding	TSN	Non-Qualified Stock Options (Right to Buy)							Dec 4, 2023	Class A Common Stock	6.62K	$48.74	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes two grants of restricted Class A Common Stock which will 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, in the amounts of 28,723.841 and 1,538.777.
F2	Award of performance Class A Common Stock which will vest 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.

Content

Includes two grants of restricted Class A Common Stock which will 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, in the amounts of 28,723.841 and 1,538.777.

Award of performance Class A Common Stock which will vest 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.