Ryals McMullian - May 23, 2023 Form 4 Insider Report for FLOWERS FOODS INC (FLO)

Role
President and CEO, Director
Signature
/s/ Stephanie B. Tillman, Agent
Stock symbol
FLO
Transactions as of
May 23, 2023
Transactions value $
-$334,150
Form type
4
Date filed
5/25/2023, 12:38 PM
Previous filing
Apr 4, 2023
Next filing
Sep 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FLO Common Stock Options Exercise $0 +43.3K +5.3% $0.00 861K May 23, 2023 Direct F3
transaction FLO Common Stock Tax liability -$334K -12.8K -1.49% $26.01 848K May 23, 2023 Direct F3
holding FLO Common Stock 5.41K May 23, 2023 By 401(k) F1
holding FLO Common Stock 22.1K May 23, 2023 By Spouse F2
holding FLO Common Stock 110K May 23, 2023 By Trusts for Minor Children F2, F3, F4
holding FLO Common Stock 1.58M May 23, 2023 The McMullian Family Wealth Preservation Trust F5

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 FLO Restricted Stock Award Options Exercise $0 -43.3K -100% $0.00* 0 May 23, 2023 Common Stock 43.3K $0.00 Direct F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Total includes exempt acquisitions of shares allocated to reporting person under Issuer's 401(k) Plan, based on a plan statement dated as of 12/31/2022.
F2 Beneficial ownership is disclaimed.
F3 Total includes shares acquired through reinvestment of dividends, based upon a statement dated 3/17/2023.
F4 Total of shares held in irrevocable trusts established for the benefit of reporting person's minor children, over which shares reporting person does not have investment authority or voting or dispositive power.
F5 The reported securities are held by Dellwood-McMullian Holdings, LLC (the "Family LLC"), a limited liability company in which The McMullian Family Wealth Preservation Trust (the "Trust") owns all of the Class B (Nonvoting) Membership Units and the reporting person's sister owned all of the Class A (Voting) Membership Units. The reporting person is a beneficiary of the Trust and does not serve as trustee. The reporting person has no investment authority and no voting or dispositive power over the shares of common stock of Flowers Foods, Inc. owned by the Family, LLC.
F6 Granted under the Flowers Foods, Inc. 2014 Omnibus Equity and Incentive Compensation Plan.
F7 None.
F8 No expiration date.