leadership
confidence high
sentiment neutral
materiality 0.50
Smucker enters separation agreement with former President and COO John Brase
J M SMUCKER Co
- Lump sum payment of $1,185,000 (18 months base salary) payable on April 17, 2026.
- Pro rata FY2026 incentive payment of $611,885 payable on April 17, 2026.
- Certain unvested restricted stock and option awards will vest; remaining awards forfeited.
- Performance units with at least one performance year completed become eligible for prorated vesting.
- Relocation expense payment of $150,000 and $36,000 for medical insurance cost assistance.