John H. Tyson - 19 Nov 2024 Form 4 Insider Report for TYSON FOODS, INC. (TSN)

Role: Chairman of the Board, Director
Signature: /s/ Marissa Savells by Power of Attorney for John H. Tyson
Issuer symbol: TSN
Transactions as of: 19 Nov 2024
Net transactions value: $0
Form type: 4
Filing time: 21 Nov 2024, 17:19:42 UTC
Previous filing: 21 Nov 2024
Next filing: 25 Nov 2024
SEC: View on sec.gov

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	Performance Shares	Options Exercise		-73,611	-100%		0	19 Nov 2024	Class A Common Stock	73,611		Direct	F1

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

Explanation of Responses:

Id	Content
F1	On November 19, 2024, the Reporting Person's grant of performance shares expired without any shares vesting. On November 19, 2021, the Reporting Person received a grant of performance shares, subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative operating income target of $11.9 billion for the 2022-2024 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 2022-2024 fiscal years, and (c) a cumulative return on invested capital of 11.5% for the 2022-2024 fiscal years. The performance shares could have vested at a level of up to 200 percent per performance criteria and were previously reported in the aggregate as derivative securities at the 200 percent level.

Content

On November 19, 2024, the Reporting Person's grant of performance shares expired without any shares vesting. On November 19, 2021, the Reporting Person received a grant of performance shares, subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative operating income target of $11.9 billion for the 2022-2024 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 2022-2024 fiscal years, and (c) a cumulative return on invested capital of 11.5% for the 2022-2024 fiscal years. The performance shares could have vested at a level of up to 200 percent per performance criteria and were previously reported in the aggregate as derivative securities at the 200 percent level.