Smithfield Foods (SFD) CHRO awarded 14,672 RSUs with 1,632 shares withheld for taxes

Rhea-AI Filing Summary

SMITHFIELD FOODS INC Chief Human Resources Officer Bennett Isham Jay reported equity compensation activity involving company common stock. He received a grant of 14,672 restricted stock units, each representing one future share, vesting in three equal annual installments through March 10, 2028, subject to continued service. To cover tax obligations from RSU vesting, 1,632 shares were withheld by the company, with no shares sold in the market. Following these transactions, he directly holds 26,048 shares of common stock.

Insights

Executive compensation analyst

Routine RSU grant and tax withholding, no open-market trading signal.

The filing shows Bennett Isham Jay, Chief Human Resources Officer of SMITHFIELD FOODS INC, receiving 14,672 restricted stock units as part of equity compensation. The award vests in three equal annual installments through March 10, 2028, tying incentives to continued employment.

A separate entry records 1,632 shares withheld at $23.76 per share to satisfy tax obligations on RSU vesting. Footnotes clarify no shares were sold in the market. After these entries, he holds 27,680 shares directly. These transactions appear routine and compensation-related, with neutral informational value for investors.

Insider Trade Summary

Net Buyer: 13,040 shares

Net Buy 2 txns

Insider Bennett Isham Jay

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	14,672	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,632	$23.76	$39K

Holdings After Transaction: Common Stock — 26,048 shares (Direct)

Footnotes (2)

1. 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.
2. F2. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with 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

RSU grant: 14,672 units Tax withholding shares: 1,632 shares Withholding price: $23.76 per share +2 more

5 metrics

RSU grant 14,672 units Restricted stock units granted to CHRO on March 10, 2026

Tax withholding shares 1,632 shares Shares withheld to satisfy tax obligations on RSU vesting

Withholding price $23.76 per share Price used for tax-withholding share calculation

Post-transaction holdings 27,680 shares Common stock directly held after RSU grant entry

RSU vesting schedule 3 annual installments Vests on grant date, March 10, 2027, and March 10, 2028

Key Terms

restricted stock units, RSUs, tax withholding obligations, grant, award, or other acquisition, +1 more

5 terms

restricted stock units financial

"Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"The RSUs will vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax withholding obligations financial

"Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with vesting of RSUs."

grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Payment of exercise price or tax liability by delivering securities financial

"transaction_code_description: "Payment of exercise price or tax liability by delivering securities""

FAQ

What did Smithfield Foods (SFD) executive Bennett Isham Jay report in this Form 4/A?

Bennett Isham Jay reported a grant of 14,672 restricted stock units and related tax withholding. The award vests in three equal annual installments through March 10, 2028, and leaves him holding 27,680 Smithfield Foods common shares directly after the reported transactions.

How many Smithfield Foods (SFD) restricted stock units were granted to Bennett Isham Jay?

He was granted 14,672 restricted stock units, each representing one future share of Smithfield Foods common stock. According to the filing, the RSUs vest in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028, subject to continued service.

Was there any open-market sale of Smithfield Foods (SFD) shares in this Form 4/A?

No open-market sales occurred. The filing states that 1,632 shares were withheld by Smithfield Foods solely to satisfy tax withholding obligations upon RSU vesting. A footnote explicitly clarifies that no shares were sold in the market as part of this tax-related disposition.

How many Smithfield Foods (SFD) shares does Bennett Isham Jay hold after these transactions?

Following the reported RSU grant and tax withholding, Bennett Isham Jay directly holds 27,680 shares of Smithfield Foods common stock. This post-transaction holding is disclosed in the Form 4/A and reflects his direct ownership after the compensation-related entries on March 10, 2026.

How do the Smithfield Foods (SFD) RSUs granted to Bennett Isham Jay vest over time?

The 14,672 restricted stock units vest in three equal annual installments. Vesting occurs on the grant date, then on March 10, 2027, and March 10, 2028. Each vesting tranche requires Bennett Isham Jay’s continuous service with Smithfield Foods through the applicable vesting date.

What does the tax-withholding transaction in Smithfield Foods (SFD) Form 4/A represent?

The transaction coded “F” represents 1,632 Smithfield Foods shares withheld to cover tax obligations triggered by RSU vesting. The filing notes this was an issuer withholding, not a market sale, and was priced at $23.76 per share for tax-calculation purposes only.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/09/2026 - 04:13 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^*

Bennett Isham Jay

(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 Human Resources 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		A		14,672(1)	A	$0	27,680	D
Common Stock	03/10/2026		F(2)		1,632	D	$23.76	26,048	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 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.

2. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with 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.

Remarks:

This Form 4/A amends the original Form 4 filed by the Reporting Person on March 12, 2026 (the "Original Filing"), 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. This Form 4/A also corrects the amount of securities beneficially owned following the award of RSUs reported therein, as the amount shown in the Original Filing inadvertently did not take into account the Issuer's previous withholding of shares to satisfy tax obligations resulting from a vesting of RSUs.

	/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)