SMITHFIELD FOODS (SFD) president exercises options, sells 82,825 shares, keeps 145,429

Rhea-AI Filing Summary

SMITHFIELD FOODS INC President, Packaged Meats Steven France reported an exercise-and-sale transaction in company stock. On June 16, 2026, he completed an open-market sale of 82,825 shares of common stock at a weighted average price of $26.82 per share.

The sale followed a prior exercise on June 12, 2026 of stock options covering 82,825 shares at an exercise price of $23.76 per share, converting a derivative award into common stock. After these transactions, France holds 145,429 shares of common stock directly.

Insights

Equity compensation analyst

Executive exercised options then sold equivalent shares, retaining a sizable stock position.

Steven France, President, Packaged Meats at SMITHFIELD FOODS INC, exercised stock options for 82,825 shares at $23.76 per share, then sold 82,825 shares at a weighted average of $26.82. This is a classic exercise-and-sell pattern.

Following the transactions, he directly holds 145,429 common shares, indicating he maintains significant equity exposure. The option grant, issued on March 10, 2026, vests in three annual installments through March 10, 2028, aligning compensation with continued service. Overall, this looks like routine liquidity management rather than a thesis-changing move.

Insider Trade Summary

Net Seller: 82,825 shares ($2,221,367)

Net Sell 3 txns

Insider France Steven

Role President, Packaged Meats

Sold 82,825 shs ($2.22M)

Type	Security	Shares	Price	Value
Sale	Common Stock	82,825	$26.82	$2.22M
Exercise	Stock Option (Right to Buy)	82,825	$0.00	--
Exercise	Common Stock	82,825	$23.76	$1.97M

Holdings After Transaction: Common Stock — 145,429 shares (Direct, null); Stock Option (Right to Buy) — 165,645 shares (Direct, null)

Footnotes (1)

1. This is a weighted average price. These shares were sold in multiple transactions on June 12, 2026, at prices ranging from $26.93 to $26.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range. The stock option was granted on March 10, 2026, and vested or vests 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 date.

Key Figures

Shares sold: 82,825 shares Sale price (weighted average): $26.82 per share Option exercise shares: 82,825 shares +5 more

8 metrics

Shares sold 82,825 shares Open-market sale on June 16, 2026

Sale price (weighted average) $26.82 per share Common stock sale on June 16, 2026

Option exercise shares 82,825 shares Common stock acquired via option exercise on June 12, 2026

Option exercise price $23.76 per share Stock option (Right to Buy) conversion price

Shares owned after transactions 145,429 shares Direct common stock holdings following sale

Net share change -82,825 shares Net of 82,825 sold versus exercise, per transaction summary

Option expiration date March 10, 2036 Stock Option (Right to Buy) term end

Vesting schedule 3 equal annual installments Grant vests on March 10, 2026, 2027, and 2028

Key Terms

open-market sale, Stock Option (Right to Buy), weighted average price, derivative exercise/conversion, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

weighted average price financial

"This is a weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion""

vests in three equal annual installments financial

"and vested or vests in three equal annual installments on the date of grant"

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Form 4 Insider Transactions: What Each Field Means →

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^*

France Steven

(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)
	President, Packaged Meats

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

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)

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	06/12/2026		M		82,825	A	$23.76	228,254	D
Common Stock	06/16/2026		S		82,825	D	$26.82(1)	145,429	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
Stock Option (Right to Buy)	$23.76	06/12/2026		M			82,825	(2)	03/10/2036	Common Stock	82,825	$0	165,645	D

Explanation of Responses:

1. This is a weighted average price. These shares were sold in multiple transactions on June 12, 2026, at prices ranging from $26.93 to $26.76, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

2. The stock option was granted on March 10, 2026, and vested or vests 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 date.

Remarks:

In prior Section 16 filings, the Reporting Person aggregated different classes of derivative securities and reported under Column 9 of Table II the total aggregate amount of different classes of the same type of derivative securities (e.g., all stock options) beneficially owned following the reported transaction. Going forward, the Reporting Person will no longer aggregate different classes of derivative securities but will include under Column 9 of Table II the total number of derivative securities beneficially owned following the reported transaction only with regard to the specific class of derivative securities included in that particular line item.

	/s/ David Coleman, as Attorney-in-Fact	06/16/2026
	** 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)

FAQ

What did SMITHFIELD FOODS (SFD) executive Steven France report in this Form 4?

Steven France reported exercising stock options for 82,825 SMITHFIELD FOODS shares, then selling 82,825 shares in an open-market transaction. These moves convert an option award into cash while leaving him with a remaining direct holding of 145,429 common shares.

How many SMITHFIELD FOODS (SFD) shares did Steven France sell and at what price?

He sold 82,825 SMITHFIELD FOODS common shares in the open market at a weighted average price of $26.82 per share. The filing notes multiple trades on June 16, 2026, within a price range between $26.93 and $26.76 per share.

What stock options did Steven France exercise in SMITHFIELD FOODS (SFD)?

France exercised options to acquire 82,825 SMITHFIELD FOODS common shares at an exercise price of $23.76 per share on June 12, 2026. The underlying stock option was granted on March 10, 2026 and vests in three equal annual installments through March 10, 2028.

How many SMITHFIELD FOODS (SFD) shares does Steven France own after these transactions?

After completing the option exercise and subsequent sale, Steven France directly owns 145,429 SMITHFIELD FOODS common shares. This figure reflects his remaining stake following the sale of 82,825 shares and indicates continued direct equity exposure as an executive of the company.

Was the SMITHFIELD FOODS (SFD) transaction a routine exercise-and-sell event?

The filing shows a typical exercise-and-sell pattern: France exercised options for 82,825 shares, then sold the same number in the market. He still holds 145,429 shares, suggesting the activity primarily realized compensation value rather than fully exiting his stock position.

When do Steven France’s SMITHFIELD FOODS (SFD) stock options expire?

The stock option referenced in the filing, covering 82,825 underlying SMITHFIELD FOODS shares, carries an expiration date of March 10, 2036. According to the footnote, the grant vests in three equal annual installments starting on March 10, 2026.