Smithfield Foods CBO receives new stock, option awards

SMITHFIELD FOODS INC Chief Business Officer Watts Keller D. reported equity compensation awards rather than open-market trades.

Rhea-AI Filing Summary

SMITHFIELD FOODS INC Chief Business Officer Watts Keller D. reported equity compensation awards rather than open-market trades. He received stock options for 216,889 shares of Common Stock at an exercise price of $23.76 per share, vesting in three equal annual installments on the grant date, March 10, 2027, and March 10, 2028. He also received 81,446 restricted stock units, each representing one share of Common Stock, with the same three-year vesting schedule, contingent on continued service. Following these awards, he directly holds 609,786 stock options and 156,303 Common Stock shares.

Insider Trade Summary

Grant/Award: 298,335 shares

Grant/Award 2 txns

Insider Watts Keller D.

Role Chief Business Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	216,889	$0.00	$0.00
Grant/Award	Common Stock	81,446	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 609,786 contracts (Direct); Common Stock — 156,303 shares (Direct)

Footnotes (2)

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 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. F2. 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Watts Keller D. report for SFD on this Form 4?

Watts Keller D., Chief Business Officer of Smithfield Foods (SFD), reported equity compensation awards. He received stock options and restricted stock units, both granted at no cash cost as part of his compensation package, rather than buying or selling shares in the open market.

How many stock options did the Smithfield Foods CBO receive in this filing?

The Chief Business Officer received 216,889 stock options, each for one share of Common Stock at an exercise price of $23.76. These options vest in three equal annual installments, subject to his continued service through each vesting date.

What restricted stock unit (RSU) award was granted to the Smithfield Foods CBO?

He was granted 81,446 restricted stock units, with each RSU representing a contingent right to receive one share of Common Stock. The RSUs vest in three equal annual installments over three years, conditioned on his continued employment with Smithfield Foods.

What is the vesting schedule for the Smithfield Foods CBO’s new equity awards?

Both the stock options and RSUs vest in three equal annual installments. Vesting occurs on the grant date, then on March 10, 2027, and March 10, 2028, provided the executive remains in continuous service through each of those dates.

What are Watts Keller D.’s holdings after these Smithfield Foods transactions?

After the reported awards, he directly holds 609,786 stock options and 156,303 shares of Common Stock. These figures reflect his position following the new grants disclosed in this Form 4 and show his ongoing equity stake in Smithfield Foods.

Are the reported Smithfield Foods Form 4 transactions open-market purchases or sales?

The transactions are grant or award acquisitions, not market trades. The options and RSUs were granted as compensation at a stated exercise price or no cash cost, with vesting tied to continued service rather than active buying or selling on an exchange.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/12/2026 - 04:12 PM Learn about SEC filing dates

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^*

Watts Keller D.

(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 Business 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		81,446(1)	A	$0	156,303	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		216,889		(2)	03/10/2036	Common Stock	216,889	$0	609,786	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.