Smithfield CLO gets RSU grant, tax shares withheld
SMITHFIELD FOODS INC Chief Legal Officer Tennille J. Checkovich reported routine equity compensation and related tax withholding.
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Rhea-AI Filing Summary
SMITHFIELD FOODS INC Chief Legal Officer Tennille J. Checkovich reported routine equity compensation and related tax withholding. She received a grant of 10,676 shares of Common Stock as restricted stock units, with each RSU representing a contingent right to one share.
The RSUs vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to continued service. In connection with the vesting of RSUs, the issuer withheld 1,072 shares at $23.76 per share to cover tax obligations; no shares were sold in the market. Following these transactions, she directly owns 20,896 shares of Common Stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,676 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,072 | $23.76 | $25K |
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
contingent right financial
tax withholding obligations financial
vesting financial
grant, award, or other acquisition financial
Payment of exercise price or tax liability by delivering securities financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did SMITHFIELD FOODS (SFD) report for Tennille J. Checkovich?
How many RSUs were granted to SMITHFIELD FOODS Chief Legal Officer in this Form 4/A?
What is the vesting schedule for Tennille J. Checkovich’s 10,676 RSUs at SMITHFIELD FOODS (SFD)?
What does the tax withholding transaction in SMITHFIELD FOODS’ Form 4/A represent?
AI-generated analysis. How Rhea-AI works. Not financial advice.