06/18/2026 | Press release | Distributed by Public on 06/18/2026 13:41
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Non-Qualified Stock Options (Right to Buy) | 11/17/2024(2) | 11/17/2033 | Class A Common Stock | 22,065 | $48.74 | D | |
| Non-Qualified Stock Options (Right to Buy) | 11/18/2025(2) | 11/18/2034 | Class A Common Stock | 59,183 | $64.54 | D | |
| Performance Shares | (3) | (3) | Class A Common Stock | 61,551.087 | (3) | D | |
| Performance Shares | (4) | (4) | Class A Common Stock | 51,131.081 | (4) | D | |
| Performance Shares | (5) | (5) | Class A Common Stock | 28,876.444 | (5) | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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MORRIS WES 2200 W. DON TYSON PARKWAY SPRINGDALE, AR 72762 |
Chief Operating Officer | |||
| /s/ Marissa Savells by Power of Attorney for Wes Morris | 06/18/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Includes 5,641.649 shares of Class A Common Stock that vest on November 17, 2026; 9,050.079 restricted stock units ("RSUs") granted on November 18, 2024, representing the unvested portion of such grant following the vesting of the first annual installment, which remaining RSUs vest in equal annual installments on the second and third anniversaries of the grant date; and 29,628.038 RSUs granted on November 25, 2025, which vest in equal annual installments on the first, second and third anniversaries of the grant date and become fully vested after three years. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. |
| (2) | 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. |
| (3) | Award of performance Class A Common Stock which vests on November 17, 2026 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 2024-2026) 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 2024-2026) 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. |
| (4) | 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. |
| (5) | Award of performance Class A Common Stock which will vest on the third anniversary date of the grant 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 2026-2028) 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 2026-2028) 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 100 percent level. If none of the performance metrics are achieved, the award expires. |