Smithfield Foods (NYSE: SFD) CLO awarded 10,676 RSUs, tax shares withheld
Filing Impact
Filing Sentiment
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 Trade Summary
2 transactions reported
Mixed
2 txns
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)
- 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
RSU grant size: 10,676 shares
Tax withholding shares: 1,072 shares
Withholding price: $23.76 per share
+3 more
6 metrics
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
Key Terms
restricted stock units ("RSUs"), contingent right, tax withholding obligations, vesting, +2 more
6 terms
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""
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.
How many RSUs were granted to SMITHFIELD FOODS Chief Legal Officer in this Form 4/A?
She received an award of 10,676 restricted stock units, each representing a right to one share of Common Stock. The RSUs vest in three equal annual installments tied to the grant date, March 10, 2027, and March 10, 2028, subject to continuous service.
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.
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.