Jacqueline Hanson - Jan 31, 2024 Form 3 Insider Report for TYSON FOODS, INC. (TSN)

Role
Chief People Officer
Signature
/s/ Marissa Savells by Power of Attorney for Jacqueline Hanson
Stock symbol
TSN
Transactions as of
Jan 31, 2024
Transactions value $
$0
Form type
3
Date filed
2/9/2024, 01:38 PM
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
holding TSN Class A Common Stock 6,536 Jan 31, 2024 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 Non-Qualified Stock Options (Right to Buy) Jan 31, 2024 Class A Common Stock 2,766 $65.52 Direct F2
holding TSN Non-Qualified Stock Options (Right to Buy) Jan 31, 2024 Class A Common Stock 6,620 $48.74 Direct F2
holding TSN Performance Shares Jan 31, 2024 Class A Common Stock 1,335 Direct F3
holding TSN Performance Shares Jan 31, 2024 Class A Common Stock 7,950 Direct F4

Explanation of Responses:

Id Content
F1 Includes 2,656.955 shares of Class A Common Stock which vest in equal installments on November 18, 2024 and November 18, 2025; 1,394.902 shares of Class A Common Stock which vest on November 18, 2025; and 1,553.299 shares of Class A Common Stock which vest in equal installments on November 17, 2024 and November 17, 2025.
F2 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.
F3 Award of performance Class A Common Stock which vests on November 18, 2025 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 2023-2025) 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 2023-2025) period; and (3) achievement of a three year (fiscal 2023-2025) average return on invested capital target. 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.
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.