Form 4 • Statement of Changes in Beneficial Ownership
Type
Sell
Net shares
+8,731
% of shares
4.92%
Amount (USD)
$303,015
Insider confidence score
90.0 out of 100
Positive
Security
Common Stock, par value $0.01 per share
Action
Grant
Date
2026-02-11
Code
A
Net shares
+15,694.0
Acquired/Disposed
Acquired
Shares Owned Before
79,057.0
Shares Owned After
94,751.0
Security
Common Stock, par value $0.01 per share
Action
Exercise
Date
2026-02-17
Code
M
Net shares
+1,637.0
Acquired/Disposed
Acquired
Shares Owned Before
94,751.0
Shares Owned After
96,388.0
Security
Common Stock, par value $0.01 per share
Action
Exercise
Date
2026-02-17
Code
M
Net shares
+1,972.0
Acquired/Disposed
Acquired
Shares Owned Before
96,388.0
Shares Owned After
98,360.0
Security
Common Stock, par value $0.01 per share
Action
Sell
Date
2026-02-18
Code
S
Net shares
-6,963.0
Price per Share
$43.52
Amount (USD)
$303,015.83
Acquired/Disposed
Disposed
Shares Owned Before
98,360.0
Shares Owned After
91,397.0
Security
Dividend Equivalent Units
Action
Exercise
Date
2026-02-11
Code
M
Net shares
+912.0
Acquired/Disposed
Acquired
Shares Owned Before
0.0
Shares Owned After
912.0
Security
Dividend Equivalent Units
Action
Exercise
Date
2026-02-17
Code
M
Net shares
-1,637.0
Acquired/Disposed
Disposed
Shares Owned Before
1,637.0
Shares Owned After
0.0
Security
Dividend Equivalent Units
Action
Exercise
Date
2026-02-17
Code
M
Net shares
-1,972.0
Acquired/Disposed
Disposed
Shares Owned Before
1,972.0
Shares Owned After
0.0
1. Represents shares earned pursuant to performance-based restricted stock units ("RSUs") on February 11, 2026 (the date that the Compensation Committee certified satisfaction of the underlying performance metrics), vesting ratably over three years on 12/31/2026, 12/31/2027, and 12/31/2028. Each RSU represents a contingent right to receive one share of PPC common stock.
2. The DEUs reported herein vested on the same schedule as the underlying RSUs to which they relate and were settled in shares of common stock upon the vesting of those RSUs.
3. Shares sold to satisfy tax withholding requirements upon vesting of restricted stock units previously reported as beneficially owned by the Reporting Person.
4. Reflects dividend equivalent units ("DEUs") accrued upon performance certification on February 11, 2026 of RSUs granted to the Reporting Person. Each DEU reflects the right to receive one share of PPC common stock, subject to the terms and conditions (including vesting and settlement terms) applicable to the corresponding RSUs.
This page is for informational purposes only. While we strive for accuracy, the summary may contain inaccuracies or omissions. Please refer to the official SEC filing for authoritative information. Open the SEC filing.