Smithfield Foods (SFD) officer settles RSU tax with 10,684 withheld shares

Rhea-AI Filing Summary

SMITHFIELD FOODS INC Chief Business Officer Watts Keller D. reported a tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 10,684 shares of common stock were withheld by the company at $23.76 per share to satisfy tax withholding obligations. The footnote states that no shares were sold in the market, meaning this was not an open-market trade. After this withholding, Keller directly holds 145,619 shares of SMITHFIELD FOODS INC common stock, so the filing reflects a routine compensation and tax event rather than a discretionary buy or sell decision.

Insights

Equity compensation analyst

Routine RSU vesting with tax withholding, not a market sale.

The transaction shows 10,684 common shares withheld to cover taxes on vested RSUs for Chief Business Officer Watts Keller D. The price of $23.76 per share simply reflects the value used to calculate the tax obligation.

The footnote clarifies that no shares were sold in the market, so there is no open-market buy or sell signal. After the withholding, Keller holds 145,619 shares, indicating the event is a standard equity compensation and tax-settlement mechanism rather than a change in investment stance.

Insider Trade Summary

Net Seller: 10,684 shares

Net Sell 1 txn

Insider Watts Keller D.

Role Chief Business Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	10,684	$23.76	$254K

Holdings After Transaction: Common Stock — 145,619 shares (Direct)

Footnotes (1)

1. F1. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.

Key Figures

Shares withheld for taxes: 10,684 shares Withholding share value: $23.76 per share Shares held after transaction: 145,619 shares +1 more

4 metrics

Shares withheld for taxes 10,684 shares Tax withholding on RSU vesting

Withholding share value $23.76 per share Value used to satisfy tax obligation

Shares held after transaction 145,619 shares Common stock directly owned after withholding

Tax withholding transactions 1 transaction, 10,684 shares Summarized in transactionSummary

Key Terms

restricted stock units ("RSUs"), tax withholding obligations, Form 4/A, Common Stock

4 terms

restricted stock units ("RSUs") financial

"vesting of restricted stock units ("RSUs"). No shares were sold"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

tax withholding obligations financial

"withholding of shares by the Issuer to satisfy tax withholding obligations in connection"

Form 4/A regulatory

"INSIDER FILING DATA (Form 4/A):"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What did SMITHFIELD FOODS (SFD) insider Watts Keller D. report in this Form 4/A?

Watts Keller D. reported that 10,684 SMITHFIELD FOODS common shares were withheld to cover tax obligations on vested RSUs. This was a routine equity compensation event, with no open-market sale of shares and no change in derivative positions disclosed.

Were any SMITHFIELD FOODS (SFD) shares sold in the market in this filing?

No market sale occurred. The filing states the 10,684 common shares were withheld by the issuer solely to satisfy tax withholding obligations from RSU vesting. The footnote explicitly confirms that no shares were sold in the market as part of this transaction.

How many SMITHFIELD FOODS (SFD) shares were withheld for taxes and at what price?

The filing shows 10,684 common shares were withheld to satisfy tax obligations at a value of $23.76 per share. This represents a non-market, tax-settlement transaction related to the vesting of restricted stock units granted as compensation.

What are Watts Keller D.’s SMITHFIELD FOODS (SFD) holdings after this Form 4/A transaction?

After the tax-withholding disposition, Watts Keller D. directly holds 145,619 shares of SMITHFIELD FOODS common stock. This remaining stake indicates the event was a standard RSU vesting and tax settlement, not a significant reduction of his overall equity position in the company.

What does the Form 4/A footnote say about the SMITHFIELD FOODS (SFD) transaction?

The footnote explains the 10,684 shares represent issuer withholding to satisfy tax obligations from RSU vesting. It further clarifies that no shares were sold in the market due to this vesting and tax payment, underscoring the non-discretionary, compensation-related nature of the event.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/09/2026 - 04:24 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Watts Keller D.

(Last) (First) (Middle)

C/O SMITHFIELD FOODS, INC.

200 COMMERCE STREET

(Street)

SMITHFIELD VIRGINIA 23430

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SMITHFIELD FOODS INC [ SFD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Business Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
03/12/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/10/2026		F(1)		10,684	D	$23.76	145,619	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs"). No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.

Remarks:

This Form 4/A amends the original Form 4 filed by the Reporting Person on March 12, 2026, which inadvertently omitted the Issuer's withholding of shares of Common Stock to satisfy the tax withholding obligation resulting from the vesting of RSUs awarded to the Reporting Person.

	/s/ David Coleman, as Attorney-in-Fact	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.
* Form 4: SEC 1474 (03-26)