Kyle Narron - 17 Nov 2024 Form 4 Insider Report for TYSON FOODS, INC. (TSN)

Reporting relationship: Group President Prepared Foods
Issuer ticker: TSN
Reported as of: 17 Nov 2024
Net transaction value: -$19,360
SEC form: 4
Accepted by SEC: 19 Nov 2024, 21:18:29 UTC
Prior SEC filing: 07 Oct 2024
Next SEC filing: 21 Nov 2024
Source filing: View source filing
Reporting owner signature: /s/ Marissa Savells by Power of Attorney for Kyle Narron

Key filing fact

Kyle Narron filed Form 4 for TYSON FOODS, INC. (TSN) on 19 Nov 2024.

Key facts

This page summarizes Kyle Narron's Form 4 filing for TYSON FOODS, INC. (TSN).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 19 Nov 2024, 21:18.

Change

Previous filing in this sequence was filed on 07 Oct 2024.
Current net transaction value: -$19,360.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TSN transaction

Class A Common Stock

Tax liability

Transaction value: $19,360
Shares: -301
Change %: -3.1%
Price: $64.32
Shares after: 9,362
Date: 17 Nov 2024
Ownership: Direct
Footnotes: F1

TSN transaction

Class A Common Stock

Award

Transaction value: $0
Shares: +9,684
Change %: +103%
Price: $0.000000
Shares after: 19,045
Date: 18 Nov 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TSN transaction Derivative

Performance Shares

Award

Transaction value
Shares: +19,368
Change %
Price
Shares after: 19,368
Date: 18 Nov 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 19,368
Exercise price
Footnotes: F3

TSN transaction Derivative

Non-Qualified Stock Options (Right to Buy)

Award

Transaction value: $0
Shares: +44,836
Change %
Price: $0.000000
Shares after: 44,836
Date: 18 Nov 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 44,836
Exercise price: $64.54
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

On November 17, 2024, 1,062.48 shares of restricted Class A Common Stock vested. The restricted shares were previously reported as beneficially owned by the Reporting Person. Pursuant to the terms of the award agreement these shares were withheld by the Issuer to satisfy tax withholding obligations.

Footnote F2

Award of restricted stock units (RSUs) 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. Each RSU represents a contingent right to receive one share of the Issuers Class A Common Stock.

Footnote F3

Award of performance Class A Common Stock which will vest on November 18, 2027 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 2025-2027) 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 2025-2027) 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.

Footnote F4

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.