Penrose Jill R 4

What Happened
Jill R. Penrose, Chief People Officer of J. M. Smucker Co. (SJM), was granted 613 restricted shares on March 20, 2026. The Form 4 reports the acquisition as an award (code A) with a reported acquisition price of $0. This is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: March 20, 2026; Transaction type: Award/Grant (code A)
• Shares granted: 613 restricted shares; reported price: $0.00
• Filing date: March 23, 2026 (filed following the transaction; filing appears timely)
• Vesting: Footnote F1 — vests in three equal annual installments beginning March 20, 2027
• Ownership note: Footnote F2 — reported amount also reflects shares acquired via the company 401(k) and the dividend reinvestment plan since the last ownership report
• Shares owned after transaction: not specified in the information provided

Context
Restricted stock awards are a routine component of executive compensation and vest over time, so they do not represent an immediate market purchase or sale. Such grants are typically intended for retention and alignment with shareholder interests rather than an explicit bullish or bearish trading signal.