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 |
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 |
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. |