Is John Quelch’s 6,915-share award in Smithfield Foods (SFD) an open-market stock purchase?

No, the 6,915 shares reflect a grant of restricted stock units (RSUs), not an open-market purchase. RSUs are stock-based compensation awards that convert into actual shares upon vesting, aligning director incentives with shareholder value over time.

Smithfield Foods (SFD) director receives 6,915 RSUs equity award

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

QUELCH JOHN reported acquisition or exercise transactions in this Form 4 filing.

Smithfield Foods director John Quelch received an equity award of 6,915 restricted stock units (RSUs) of Common Stock. The grant was made at no cash cost to him and is a form of stock-based compensation rather than an open-market purchase.

Each RSU represents a contingent right to receive one Smithfield Foods common share, and the RSUs will vest on the day of the company’s annual meeting of shareholders to occur in 2027. After this award, Quelch directly holds 15,915 shares of Common Stock, indicating the transaction is modest in scale and primarily aligns director compensation with shareholder interests.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider QUELCH JOHN

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	6,915	$0.00	--

Holdings After Transaction: Common Stock — 15,915 shares (Direct, null)

Footnotes (1)

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Key Figures

RSUs granted: 6,915 RSUs Shares after transaction: 15,915 shares Grant price: $0.0000 per share +1 more

4 metrics

RSUs granted 6,915 RSUs Restricted stock unit award of Common Stock

Shares after transaction 15,915 shares Total direct holdings following RSU grant

Grant price $0.0000 per share Indicates non-cash equity compensation award

Vesting time 2027 annual meeting RSUs vest on day of 2027 shareholders’ meeting

Key Terms

restricted stock units ("RSUs"), contingent right, vest, annual meeting of the Company's shareholders

4 terms

restricted stock units ("RSUs") financial

"Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

contingent right financial

"Each RSU represents a contingent right to receive one share of Common Stock."

vest financial

"The RSUs will vest on the day of the annual meeting of the Company's shareholders to occur in 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

annual meeting of the Company's shareholders financial

"The RSUs will vest on the day of the annual meeting of the Company's shareholders to occur in 2027."

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 04:49 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^*

QUELCH JOHN

(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)
06/02/2026

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	06/02/2026		A		6,915⁽¹⁾	A	$0	15,915	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. 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 on the day of the annual meeting of the Company's shareholders to occur in 2027.

Remarks:

	/s/ David Coleman, as Attorney-in-Fact	06/03/2026
	** 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 did Smithfield Foods (SFD) director John Quelch report on this Form 4?

John Quelch reported receiving 6,915 restricted stock units (RSUs) of Smithfield Foods Common Stock as a compensation grant. The award was made at no cash cost and increased his direct holdings to 15,915 shares after the transaction.

When will John Quelch’s Smithfield Foods (SFD) RSUs from this grant vest?

The RSUs will vest on the day of Smithfield Foods’ annual meeting of shareholders to occur in 2027. Vesting means each RSU settles into one share of Common Stock, subject to continued service and any plan conditions.

How many Smithfield Foods (SFD) shares does John Quelch hold after this Form 4 transaction?

Following the RSU grant, John Quelch directly holds 15,915 shares of Smithfield Foods Common Stock. This figure includes shares associated with the newly awarded 6,915 RSUs once they convert at vesting, reflecting his total reported direct position.

What exactly are restricted stock units (RSUs) in the Smithfield Foods (SFD) filing?

RSUs are promises to deliver shares in the future, each representing a contingent right to receive one Smithfield Foods common share. They typically vest after a time or service condition, encouraging long-term alignment between company leadership and shareholders.