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Equity awards to Smithfield Foods (SFD) chief legal officer detailed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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*
Checkovich Tennille J.

(Last) (First) (Middle)
C/O SMITHFIELD FOODS, INC.
200 COMMERCE STREET

(Street)
SMITHFIELD VA 23430

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SMITHFIELD FOODS INC [ SFD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 03/10/2026 A 10,676(1) A $0 22,676 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $23.76 03/10/2026 A 28,431 (2) 03/10/2036 Common Stock 28,431 $0 93,914 D
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 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.
2. 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.
Remarks:
/s/ David Coleman, as Attorney-in-Fact 03/12/2026
** 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.

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.

How many Smithfield Foods (SFD) shares does Tennille Checkovich hold after these awards?

After the reported awards, Tennille Checkovich directly holds 22,676 shares of Smithfield Foods Common Stock. She also holds stock options covering 93,914 shares, reflecting her updated post-transaction derivative position reported in this filing.

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.
Smithfield Foods Inc.

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9.08B
45.27M
Packaged Foods
Meat Packing Plants
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