Smithfield Foods (SFD) CFO granted 78,353 RSUs and has shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Smithfield Foods Chief Financial Officer Mark L. Hall reported compensation-related stock movements. He received an award of 78,353 restricted stock units (RSUs), each representing one share of common stock, with vesting in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028, subject to his continuous service. On the same date, 11,780 shares of common stock were withheld by the company to cover tax obligations from RSU vesting at $23.76 per share, and no shares were sold in the market. After these transactions, he directly held 146,505 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hall Mark L.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 78,353 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,780 | $23.76 | $280K |
Holdings After Transaction:
Common Stock — 146,505 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to the Reporting Person's continuous service through such dates. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.
FAQ
What did Smithfield Foods (SFD) CFO Mark L. Hall report in this Form 4/A?
He reported a stock award and related tax withholding. Mark L. Hall received 78,353 restricted stock units and had 11,780 shares withheld to satisfy tax obligations tied to RSU vesting, with no market sales involved.
How many restricted stock units did the Smithfield Foods (SFD) CFO receive?
He received an award of 78,353 restricted stock units. Each RSU represents a contingent right to one share of common stock, vesting in three equal annual installments starting on the grant date and then on March 10, 2027 and March 10, 2028.
When do Mark L. Hall’s Smithfield Foods (SFD) RSUs vest?
The RSUs vest in three equal annual installments. Vesting occurs on the grant date, then on March 10, 2027, and March 10, 2028, provided he remains in continuous service with the company through each vesting date.