Smithfield CEO has 5,569 shares withheld for taxes
SMITHFIELD FOODS INC President & CEO Charles Shane Smith reported a tax-related share disposition tied to vesting equity awards.
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Rhea-AI Filing Summary
SMITHFIELD FOODS INC President & CEO Charles Shane Smith reported a tax-related share disposition tied to vesting equity awards. On this Form 4, 5,569 shares of Common Stock were withheld by the company at $23.65 per share to cover tax obligations from vesting restricted stock units. These shares were not sold in the open market. After this withholding, Smith directly holds 114,431 shares of Smithfield Foods common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,569 | $23.65 | $132K |
Footnotes (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
Key Terms
restricted stock units financial
tax withholding obligations financial
transaction code "F" financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SMITHFIELD FOODS (SFD) report for Charles Shane Smith?
What does transaction code "F" mean in the SMITHFIELD FOODS (SFD) Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.