Smithfield Foods (SFD) grants 93,305 RSUs to executive, withholds 14,028 shares for taxes
Rhea-AI Filing Summary
SMITHFIELD FOODS INC executive Steven France, President, Packaged Meats, reported routine equity compensation activity and related tax withholding. He received a grant of 93,305 shares of Common Stock in the form of restricted stock units (RSUs) at no purchase price. To cover tax obligations from vesting RSUs, 14,028 shares were withheld by the company at $23.76 per share, and no shares were sold in the market. After these transactions, France directly holds 159,457 shares of Smithfield common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 93,305 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,028 | $23.76 | $333K |
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. Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
tax withholding obligations financial
continuous service financial
grant, award, or other acquisition financial
payment of exercise price or tax liability by delivering securities financial
FAQ
What insider transactions did Steven France report in Smithfield Foods (SFD) Form 4/A?
Steven France reported a grant of 93,305 restricted stock units and a related tax-withholding disposition of 14,028 shares. The withheld shares satisfied tax obligations from vesting RSUs, and no shares were sold in the open market.
How and when will Steven France’s new RSUs at Smithfield Foods (SFD) vest?
The 93,305 RSUs will vest in three equal annual installments. Vesting occurs on the grant date, March 10, 2027, and March 10, 2028, provided Steven France maintains continuous service with Smithfield Foods through each vesting date.