Was Raymond A. Starling’s Smithfield Foods (SFD) share sale related to taxes?

Yes. A footnote states the sales were effected to satisfy tax obligations from the vesting of restricted stock units. This indicates the transaction was primarily driven by tax requirements rather than a discretionary decision to reduce overall Smithfield equity exposure.

Tax-driven share sale by Smithfield Foods (SFD) director after RSU vesting

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

SMITHFIELD FOODS INC director Raymond A. Starling reported an open-market sale of 3,960 shares of Common Stock on June 12, 2026 at $26.775 per share. After this transaction, he directly holds 11,955 shares.

According to a footnote, these sales were effected to satisfy tax obligations arising from the vesting of restricted stock units, indicating a tax-related liquidity event rather than a discretionary portfolio change.

Insider Trade Summary

Net Seller: 3,960 shares ($106,029)

Net Sell 1 txn

Insider Starling Raymond A

Role null

Sold 3,960 shs ($106K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,960	$26.775	$106K

Holdings After Transaction: Common Stock — 11,955 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares sold: 3,960 shares Sale price per share: $26.775 per share Shares owned after transaction: 11,955 shares +2 more

5 metrics

Shares sold 3,960 shares Open-market sale on June 12, 2026

Sale price per share $26.775 per share Common Stock transaction

Shares owned after transaction 11,955 shares Direct Common Stock holdings post-sale

Transaction code S (Sale in open market or private transaction) Non-derivative Common Stock

Transaction direction Sell Net-sell of 3,960 shares

Key Terms

open-market sale, restricted stock units, Common Stock, Form 4

4 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.

restricted stock units financial

"tax obligations arising from the vesting of restricted stock units"

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.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/16/2026 - 04:12 PM

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^*

Starling Raymond A

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/12/2026		S⁽¹⁾		3,960	D	$26.775	11,955	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These sales were effected to satisfy tax obligations arising from the vesting of restricted stock units.

Remarks:

	/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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Smithfield Foods (SFD) disclose for Raymond A. Starling?

Smithfield Foods disclosed that director Raymond A. Starling sold 3,960 shares of Common Stock. The shares were sold in an open-market transaction at $26.775 per share as part of a tax-related liquidity event tied to restricted stock unit vesting.

How many Smithfield Foods (SFD) shares does Raymond A. Starling own after this Form 4?

After the reported sale, Raymond A. Starling directly owns 11,955 Smithfield Foods shares. This reflects his remaining direct Common Stock holdings following the 3,960-share open-market sale disclosed in the Form 4 filing for June 12, 2026.

What was the sale price in Raymond A. Starling’s Smithfield Foods (SFD) transaction?

The disclosed sale price was $26.775 per Smithfield Foods share. Starling’s transaction involved 3,960 shares of Common Stock in an open-market sale, as reported in the Form 4, with the proceeds linked to covering tax obligations from RSU vesting.

Is the Smithfield Foods (SFD) Form 4 transaction an open-market sale?

Yes. The Form 4 identifies the transaction as an open-market sale of Common Stock. Starling sold 3,960 shares at $26.775 per share, though the footnote clarifies the sale’s purpose was to cover tax obligations from restricted stock unit vesting.

What role does Raymond A. Starling hold at Smithfield Foods (SFD)?

Raymond A. Starling is identified as a director of Smithfield Foods. The Form 4 filing reports his direct ownership and a recent open-market sale of 3,960 Common Stock shares, primarily undertaken to meet tax obligations tied to restricted stock unit vesting.