Smithfield director granted 6,915 RSUs
QUELCH JOHN reported acquisition or exercise transactions in this Form 4 filing.
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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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,915 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
contingent right financial
vest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Smithfield Foods (SFD) director John Quelch report on this Form 4?
When will John Quelch’s Smithfield Foods (SFD) RSUs from this grant vest?
What exactly are restricted stock units (RSUs) in the Smithfield Foods (SFD) filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.