Smithfield Foods (SFD) CEO reports 5,569-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SMITHFIELD FOODS INC President & CEO Charles Shane Smith reported a tax-related share disposition tied to vesting equity awards. On this Form 4, 5,569 shares of Common Stock were withheld by the company at $23.65 per share to cover tax obligations from vesting restricted stock units. These shares were not sold in the open market. After this withholding, Smith directly holds 114,431 shares of Smithfield Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Charles Shane
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,569 | $23.65 | $132K |
Holdings After Transaction:
Common Stock — 114,431 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 5,569 shares
Withholding price per share: $23.65 per share
Shares held after transaction: 114,431 shares
3 metrics
Shares withheld for taxes
5,569 shares
Tax withholding on RSU vesting, transaction code F
Withholding price per share
$23.65 per share
Value used for tax-withholding disposition
Shares held after transaction
114,431 shares
Direct holdings after tax-withholding event
Key Terms
restricted stock units, tax withholding obligations, transaction code "F"
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting"
transaction code "F" financial
"Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transaction did SMITHFIELD FOODS (SFD) report for Charles Shane Smith?
The filing reports a tax-related share disposition. 5,569 common shares were withheld by the company to cover tax obligations from vesting restricted stock units, and no shares were sold in the open market as part of this event.
What does transaction code "F" mean in the SMITHFIELD FOODS (SFD) Form 4?
Transaction code "F" indicates payment of exercise price or tax liability by delivering securities. Here, it reflects shares withheld by the issuer to satisfy tax withholding obligations related to vesting restricted stock units, not an open-market sale by the executive.