The cluster is neutral: both CEO and CFO exercised options and sold to cover tax and diversify — a routine pattern after a strong earnings report. No open-market selling beyond exercise obligations. Monitor for any unplanned open-market selling in the next 60 days, which would carry higher informational weight. The strong earnings and raised guidance dominate any signal from these mechanical sales.
Price Chart
Executive Summary
CEO Mark Smucker and CFO Tucker Marshall exercised and immediately sold a combined ~$12.6M in shares within days of Smucker's Q1 FY2027 beat, where the company posted adjusted EPS of $3.24 (consensus $2.21) and raised full-year guidance. The sales are entirely option-exercise-and-sell transactions, representing ~0.09% of market cap — below the 0.1% materiality threshold — and are consistent with routine post-earnings diversification and tax liability management.
Key Financial Metrics
Key Facts
- CEO Mark Smucker exercised derivatives on 84,821 shares at $108.90 and immediately sold the same number at $131.39 for ~$11.14M in proceeds.
- CFO Tucker Marshall exercised derivatives on 18,482 shares at a blend of $108.90 and $125.82 and sold them at ~$131.91 for ~$1.46M in proceeds.
- Total open-market sales value of ~$12.6M is ~0.09% of SJM's $14.0B market cap, below the 0.1% materiality threshold for cluster significance.
- All sales were same-day same-number derivative-exercise-and-sell events, not open-market portfolio sales — per standard executive cashless exercise patterns.
- Filing comes 8 days after an 8-K earnings release where SJM beat consensus by 46.6% on adjusted EPS ($3.24 vs $2.21) and raised FY2027 guidance.
Financial Impact
~$12.6M in insider sales represents 0.09% of market cap — immaterial at the corporate level
Risk Factors
- Share overhang from ongoing insider selling could cap near-term upside if the pattern continues
- If further unplanned selling emerges, it could negate the positive earnings momentum
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SJM-1788412012140 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | Institutional Cluster | $127.07 $128.64 | ▲ +1.24% | ▲ +1.38% | $128.64 (+1.24%) |
Sep 2, 2026 7w ago | Insider Cluster | $128.51 $121.14 | ▼ −5.74% | ▼ −4.59% | $128.64 (+0.10%) |
Aug 26, 2026 8w ago | 8-K | $130.90 $131.44 | ▲ +0.41% | ▲ +0.53% | $128.64 (−1.73%) |
Aug 5, 2026 11w ago | Press Release | $119.21 $118.79 | ▼ −0.35% | ▼ −0.70% | $128.64 (+7.91%) |
Jul 17, 2026 14w ago | Press Release | $112.50 $118.32 | ▲ +5.17% | ▲ +5.60% | $128.64 (+14.35%) |
Jul 1, 2026 16w ago | Court Ruling | $116.22 $111.51 | ▼ −4.05% | ▼ −5.42% | $128.64 (+10.69%) |
Jun 30, 2026 16w ago | Insider Cluster | $114.86 $113.24 | ▲ +1.41% | ▲ +1.67% | $128.64 (−12.00%) |
Jun 30, 2026 16w ago | Insider Cluster | $114.86 $113.24 | ▼ −1.41% | ▼ −1.67% | $128.64 (+12.00%) |
Jun 9, 2026 19w ago | 8-K | $112.39 $115.94 | ▲ +3.16% | ▲ +0.75% | $128.64 (+14.46%) |
Mar 31, 2026 30w ago | Court Ruling | $95.49 $92.47 | ▼ −3.16% | ▼ −6.93% | $128.64 (+34.72%) |
US Market Status
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