Smithfield Foods (SFD) exec awarded RSUs as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Smithfield Foods executive Owens Donovan reported routine equity compensation activity involving company common stock. He received a grant of 78,637 restricted stock units, each representing one share of Common Stock. These RSUs vest in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028, subject to his continued service.
On the same date, 10,315 shares were withheld by Smithfield Foods to cover tax obligations arising from RSU vesting; no shares were sold in the market. Following these transactions, Owens directly holds 152,478 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Owens Donovan
Role
President, North America Pork
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 78,637 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,315 | $23.76 | $245K |
Holdings After Transaction:
Common Stock — 152,478 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.
Key Figures
RSU grant size: 78,637 units
Tax withholding shares: 10,315 shares
Withholding reference price: $23.76 per share
+3 more
6 metrics
RSU grant size
78,637 units
Restricted stock units representing one share each, granted to Owens Donovan
Tax withholding shares
10,315 shares
Shares withheld to satisfy tax obligations from RSU vesting
Withholding reference price
$23.76 per share
Price per share used for 10,315-share tax-withholding disposition
Post-transaction holdings
152,478 shares
Common stock directly owned by Owens Donovan after transactions
Tax withholding count
1 transaction
Code F disposition to satisfy tax obligations
Grant/award acquisitions
1 transaction
Code A RSU grant reported as non-derivative common stock
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 the vesting of RSUs."
grant, award, or other acquisition regulatory
"transaction_code_description: "Grant, award, or other acquisition" for the RSU-related transaction."
payment of exercise price or tax liability by delivering securities regulatory
"transaction_code_description: "Payment of exercise price or tax liability by delivering securities" for the F-code transaction."
FAQ
What did Smithfield Foods (SFD) executive Owens Donovan report in this Form 4/A?
Owens Donovan reported an RSU grant and related tax withholding. He received 78,637 restricted stock units and had 10,315 shares withheld to cover taxes from RSU vesting, with no market sales involved.
How many restricted stock units did Owens Donovan receive from Smithfield Foods (SFD)?
He received a grant of 78,637 restricted stock units. Each RSU represents a contingent right to one share of Smithfield Foods common stock, subject to future vesting conditions tied to his continued service with the company.
What is the vesting schedule for Owens Donovan’s Smithfield Foods (SFD) RSUs?
The RSUs vest in three equal annual installments. Vesting occurs on the grant date, on March 10, 2027, and on March 10, 2028, provided Owens Donovan remains continuously employed through each respective vesting date.
What does transaction code F mean in Owens Donovan’s Smithfield Foods (SFD) filing?
Transaction code F indicates shares withheld to pay taxes or exercise costs. In this case, 10,315 shares were withheld by Smithfield Foods to satisfy tax obligations from RSU vesting, rather than being sold on the open market.