3 unchanged sentences
Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
+Added: NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the design and operation of the Company’s disclosure controls and procedures as of December 28, 2025.
2 unchanged sentences
There was no change in the Company’s internal control over financial reporting that occurred during the Company’s quarter ended December 28, 2025 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.
−Removed: During 2024, the Company completed the first phase of a multi-year implementation of an enterprise resource planning (“ERP”) system.
+Added: During 2025, the Company completed the second phase of a multi-year implementation of an enterprise resource planning (“ERP”) system.
+Added: The final phase of this project is expected to conclude in the second quarter of 2026.
The implementation did not and is not expected to materially affect our internal control over financial reporting.
−Removed: NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Management’s Report on Internal Control over Financial Reporting
8 unchanged sentences
Other Information
+Added: (b) During the fiscal year ended December 28, 2025, none of our directors or officers adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
3 unchanged sentences
Business,” above.
−Removed: We have adopted a Code of Business Conduct and Ethics, which applies to all employees, including our Chief Executive Officer and our Chief Financial Officer and Principal Accounting Officer.
+Added: We have adopted a Code of Business Conduct and Ethics, which applies to all employees, including our Chief Executive Officer and our Chief Financial Officer and Chief Accounting Officer.
The full text of our Code of Business Conduct and Ethics is published on our website, at www.ir.pilgrims.com, under the “Corporate Governance-Documents & Charters” caption.
We intend to disclose, if required, future amendments to, or waivers from, certain provisions of this Code on our website within four business days following the date of such amendment or waiver.
−Removed: We have adopted an Insider Trading Policy, which applies to all directors, officers, and designated employees, including our Chief Executive Officer and our Chief Financial Officer and Principal Accounting Officer, as well as their family members or other persons with whom they have a relationship with who are subject to this policy and entities under their control.
+Added: We have adopted an Insider Trading Policy, which applies to all directors, officers, and designated employees, including our Chief Executive Officer and our Chief Financial Officer and Chief Accounting Officer, as well as their family members or other persons with whom they have a relationship with who are subject to this policy and entities under their control.
We believe this policy is reasonably designed to promote compliance with insider trading laws, rules, and regulations and listing standards applicable to the Company.
7 unchanged sentences
Number of Securities to Be Issued Upon Exercise of Outstanding Options, Warrants and Rights (b)
−Removed: Weighted-Average Exercise Price of Outstanding Option, Warrants and Rights Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in the First Column)
+Added: Weighted-Average Exercise Price of Outstanding Option, Warrants and Rights (c)
+Added: Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in the First Column)
Equity compensation plans approved by securities holders 2,149,693 $ — 1,212,642
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(b) These amounts represent restricted stock units outstanding, but not yet vested, under the LTIP as of December 28, 2025.
−Removed: The other information required by Item 12 is incorporated by reference herein from the Company’s Definitive Proxy Statement for its 2025 Annual Meeting of Stockholders to be filed no later than 120 days after the close of the fiscal year covered by this report, which sections are incorporated herein by reference.
+Added: (c) This column does not include restricted stock units outstanding, therefore there is no weighted-average exercise price reported as the Company does not have any outstanding options, warrants, or rights.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
+Added: The other information required by Item 12 is incorporated by reference herein from the Company’s Definitive Proxy Statement for its 2026 Annual Meeting of Stockholders to be filed no later than 120 days after the close of the fiscal year covered by this report, which sections are incorporated herein by reference.
Certain Relationships and Related Transactions, and Director Independence
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(ii) All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions or are not applicable and therefore have been omitted.
+Added: We hereby file, as exhibits to this annual report, those exhibits listed on the Exhibit Index below.
+Added: As in previous filings, pursuant to Item 601(b)(4)(iii)(A) of Regulation S-K, the Company has not filed exhibits to this annual report certain long-term debt instruments (including indentures) under which the total amount of securities authorized does not exceed 10% of the total assets of the Company and its subsidiaries on a consolidated basis.
+Added: The Company agrees to furnish a copy of any such instrument to the SEC upon request.
Exhibit Number
−Removed: 3.1 Amended and Restated Certificate of Incorporation of the Company.
−Removed: (incorporated by reference from Exhibit 3.1 of the Company's Current Form 8-K (No.
+Added: 3.1 Amended and Restated Certificate of Incorporation of the Company (incorporated by reference from Exhibit 3.1 of the Company's Current Form 8-K (No.
001-09273) filed on December 30, 2024).
−Removed: 3.2 Amended and Restated Corporate Bylaws of the Company.
+Added: 3.2 Amended and Restated Corporate By laws of the Company.
(incorporated by reference from Exhibit 3.2 of the Company's Current Form 8-K (No.
001-09273) filed on December 30, 2024).
−Removed: 4.1 Stockholders Agreement dated December 28, 2009 between the Company and JBS USA Holding Lux, S.à.r.l., formerly known as JBS USA Holdings, LLC, as amended (incorporated by reference from Exhibit 3.3 to the Company’s Form 8-A (No.
−Removed: 001-09273) filed on December 27, 2012).
+Added: 4.1 Stockholders Agreement dated December 28, 2009 between the Company and JBS USA Holding Lux, S.à.r.l., formerly known as JBS USA Holdings, LLC, as amended (incorporated by reference from Exhibit 10.2 to the Company’s Form 8- K filed on December 30 , 20 24 ).
4.2 Form of Common Stock Certificate (incorporated by reference from Exhibit 4.1 to the Company’s Current Report on Form 8-K (No.
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4.6 Form of Senior 3.50% Note due 2032 (included in Exhibit 4.5).
−Removed: 4.7 Description of Securities Registered Pursuant to Section 12(b) of the Exchange Act.
+Added: 4.7 Description of Securities Registered Pursuant to Section 12(b) of the Exchange Act (incorporated by reference to Exhibit 4.7 to the Company ’ s Annual Report on Form 10-K filed on February 13, 2025) .
4.8 First Supplemental Indenture, dated as of September 22, 2022 among the Company, as issuer, Pilgrim’s Pride Corporation of West Virginia, Inc., Gold’n Plump Poultry, LLC, Gold’n Plump Farms, LLC and JFC LLC, as Guarantors, and Regions Bank, as Trustee (incorporated by reference from Exhibit 4.1 of the Company's Current Report on Form 8-K (No.
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001-02973) filed on April 19, 2023).
+Added: NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
4.11 First Supplemental Indenture dated as of April 19, 2023, among the Company, the Guarantors and the Trustee (incorporated by reference from Exhibit 4.2 of the Company's Current Report on Form 8-K (No.
001-02973) filed on April 19, 2023).
−Removed: 4.12 F orm of Senior 6.25 % Note due 2033 (included in Exhibit 4.11).
+Added: 4.12 Form of Senior 6.25% Note due 2033 (included in Exhibit 4.11).
4.13 Second Supplemental Indenture, dated as of October 12, 2023, between the Company and Regions Bank, as trustee (incorporated by reference from Exhibit 4.1 of the Company's Current Report on Form 8-K (No.
001-02973) filed on October 13, 2023).
−Removed: NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
−Removed: F orm of Senior 6.875% Note due 2034 (included in Exhibit 4.13).
−Removed: 10.1 Pilgrim’s Pride Corporation Long Term Incentive Plan (incorporated by reference from Exhibit 10.2 of the Company’s Current Report on Form 8-K (No.
−Removed: 001-09273) filed on December 30, 2009).
−Removed: 10.2 Form of Restricted Stock Unit Award Agreement (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K (No.
−Removed: 001-09273) filed on September 10, 2012).
+Added: Form of Senior 6.875% Note due 2034 (included in Exhibit 4.13).
10.1 2019 Pilgrim’s Pride Corporation Long-Term Incentive Plan (incorporated by reference from Exhibit 10.14 of the Company’s Annual Report on Form 10-K filed on February 21, 2020).†
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10.6 Tax Sharing Agreement by and among JBS USA Food Company Holdings and Pilgrim’s Pride Corporation, dated as of December 30, 2024 (incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on December 30, 2024).
−Removed: 19 Insider Trading Policy.
+Added: 10.7 Amended and Restated 2019 Long-Term Incentive Plan of the Company (incorporated by reference from Exhibit 10.1 of the Company’s Current Report on Form 8-K filed on May 1, 2025).†
+Added: 19 Insider Trading Policy (incorporated by reference to Exhibit 19.1 to t he Company ’ s annual Report on Form 10-K filed on February 13, 2025) .
21 Subsidiaries of Registrant.*
−Removed: 22.1 Lis t of Guarantor Subsidiaries.*
23.1 Consent of KPMG LLP.*
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101.LAB Inline XBRL Taxonomy Extension Label
−Removed: 101.PRE Inline XBRL Taxonomy Extension Presentation
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
+Added: 101.PRE Inline XBRL Taxonomy Extension Presentation
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.