Equity awards to Smithfield Foods (SFD) chief legal officer detailed
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smithfield Foods awarded Chief Legal Officer Tennille J. Checkovich new equity-based compensation. She received 10,676 shares of Common Stock as restricted stock units, each representing one future share, and a stock option for 28,431 shares at an exercise price of $23.76 per share.
Both the RSUs and the option vest in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028, as long as she continues in service. After these awards, her direct holdings reported include 22,676 Common shares and 93,914 stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Checkovich Tennille J.
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 28,431 | $0.00 | -- |
| Grant/Award | Common Stock | 10,676 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 93,914 shares (Direct);
Common Stock — 22,676 shares (Direct)
Footnotes (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 in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to the Reporting Person's continuous service through such dates. The stock option shall vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to the Reporting Person's continuous service through such dates.
FAQ
What equity awards did Smithfield Foods (SFD) grant to its Chief Legal Officer?
Smithfield Foods granted Chief Legal Officer Tennille J. Checkovich 10,676 restricted stock units and a stock option for 28,431 shares at $23.76 per share. These awards are part of her equity-based compensation package and are not open-market purchases.
How do Tennille Checkovich’s new RSUs at Smithfield Foods (SFD) vest?
The 10,676 restricted stock units vest in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028. Vesting is contingent on her continuous service with Smithfield Foods through each vesting date.
What are the terms of the new Smithfield Foods (SFD) stock option grant?
The stock option covers 28,431 shares of Common Stock at an exercise price of $23.76 per share. It vests in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028, subject to continued service.
Are the Smithfield Foods (SFD) transactions open-market buys or compensation grants?
The transactions are compensation-related grants, not open-market purchases. Both the RSUs and the stock option were awarded at a transaction price of $0.00 per share and vest over time, aligning with her ongoing service rather than discretionary market buying.