Smithfield Foods (SFD) CFO uses 3,848 shares to cover RSU tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smithfield Foods Chief Financial Officer Mark L. Hall reported a compensation-related share transaction. On the vesting of restricted stock units, the company withheld 3,848 shares of common stock, valued at $23.65 per share, to cover tax withholding obligations. The footnote states that no shares were sold in the market. After this tax-withholding disposition, Hall directly holds 68,152 shares of Smithfield Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hall Mark L.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,848 | $23.65 | $91K |
Holdings After Transaction:
Common Stock — 68,152 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 3,848 shares
Withholding price per share: $23.65 per share
Shares owned after transaction: 68,152 shares
3 metrics
Shares withheld for taxes
3,848 shares
RSU vesting tax withholding on Common Stock
Withholding price per share
$23.65 per share
Value used for tax-withholding disposition
Shares owned after transaction
68,152 shares
Direct holdings after tax withholding
Key Terms
restricted stock units, tax withholding obligations, Common Stock
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units ("RSUs")"
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.
tax withholding obligations financial
"withholding of shares by the Issuer to satisfy tax withholding obligations"
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.
FAQ
What insider transaction did Smithfield Foods (SFD) report for Mark L. Hall?
Smithfield Foods reported that CFO Mark L. Hall had 3,848 shares of common stock withheld to satisfy tax obligations on vested restricted stock units. This was a routine compensation-related event, not an open-market purchase or sale of shares.
What does the transaction code "F" mean in the Smithfield Foods (SFD) Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. Here, 3,848 Smithfield Foods shares were withheld to cover tax withholding on vested restricted stock units rather than being sold for investment or trading purposes.
Is the Smithfield Foods (SFD) Form 4 transaction a buy or sell signal for investors?
The reported transaction is neutral. It reflects 3,848 shares withheld for taxes on vested restricted stock units, not a discretionary buy or sell in the market. Such tax-withholding events are common in equity-based executive compensation programs.