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Smithfield Foods (NYSE: SFD) CLO awarded 10,676 RSUs, tax shares withheld

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4/A

Rhea-AI Filing Summary

SMITHFIELD FOODS INC Chief Legal Officer Tennille J. Checkovich reported routine equity compensation and related tax withholding. She received a grant of 10,676 shares of Common Stock as restricted stock units, with each RSU representing a contingent right to one share.

The RSUs vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to continued service. In connection with the vesting of RSUs, the issuer withheld 1,072 shares at $23.76 per share to cover tax obligations; no shares were sold in the market. Following these transactions, she directly owns 21,968 shares of Common Stock.

Positive

  • None.

Negative

  • None.
Insider Checkovich Tennille J.
Role Chief Legal Officer
Type Security Shares Price Value
Grant/Award Common Stock 10,676 $0.00 --
Tax Withholding Common Stock 1,072 $23.76 $25K
Holdings After Transaction: Common Stock — 21,968 shares (Direct, null)
Footnotes (1)
  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.
RSU grant size 10,676 shares Restricted stock unit award to Chief Legal Officer
Tax withholding shares 1,072 shares Shares withheld to satisfy RSU-related tax obligations
Withholding price $23.76 per share Value used for 1,072-share tax withholding
Shares owned after transactions 21,968 shares Direct Common Stock ownership post-award and withholding
Dispositive transaction shares 1,072 shares Transaction code F, tax-withholding disposition
Acquisitive transaction shares 10,676 shares Transaction code A, grant/award acquisition
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of Common Stock."
tax withholding obligations financial
"Represents the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs."
vesting financial
"The RSUs will vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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 VIRGINIA 23430

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
SMITHFIELD FOODS INC [ SFD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)
03/12/2026
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)
CodeVAmount(A) or (D)Price
Common Stock03/10/2026A10,676(1)A$021,968D
Common Stock03/10/2026F(2)1,072D$23.7620,896D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
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. 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.
Remarks:
This Form 4/A amends the original Form 4 filed by the Reporting Person on March 12, 2026 (the "Original Filing"), which inadvertently omitted the Issuer's withholding of shares of Common Stock to satisfy the tax withholding obligation resulting from the vesting of RSUs awarded to the Reporting Person. This Form 4/A also corrects the amount of securities beneficially owned following the award of RSUs reported therein, as the amount shown in the Original Filing inadvertently did not take into account the Issuer's previous withholding of shares to satisfy tax obligations resulting from a vesting of RSUs.
/s/ David Coleman, as Attorney-in-Fact06/09/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did SMITHFIELD FOODS (SFD) report for Tennille J. Checkovich?

The Chief Legal Officer reported a grant of 10,676 restricted stock units and the withholding of 1,072 shares to cover taxes on RSU vesting. After these transactions, she directly holds 21,968 shares of Common Stock.

What is the vesting schedule for Tennille J. Checkovich’s 10,676 RSUs at SMITHFIELD FOODS (SFD)?

The 10,676 RSUs vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028. Vesting requires the reporting person’s continuous service with the company through each applicable vesting date.

Were any SMITHFIELD FOODS shares sold in the market in this Form 4/A filing?

No market sales occurred. The filing states 1,072 shares were withheld by the issuer solely to satisfy tax withholding obligations from RSU vesting. The footnote clarifies that no shares were sold in the market as part of this tax withholding.

How many SMITHFIELD FOODS shares does Tennille J. Checkovich own after these transactions?

After the reported RSU grant and tax withholding, she directly owns 21,968 shares of Common Stock. This figure reflects her position following both the award of 10,676 RSUs and the 1,072-share withholding for tax obligations.

What does the tax withholding transaction in SMITHFIELD FOODS’ Form 4/A represent?

The Form 4/A reports a tax-withholding disposition of 1,072 shares at $23.76 per share. According to the footnote, these shares were withheld by the issuer to cover tax obligations from RSU vesting, and were not sold in the open market.