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Owens Donovan (SFD) has shares withheld for RSU tax obligations

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

Rhea-AI Filing Summary

SMITHFIELD FOODS INC executive Owens Donovan, President, North America Pork, reported a routine tax-related share disposition. On the vesting of restricted stock units, 3,159 shares of common stock were withheld by the company at $23.65 per share to satisfy tax withholding obligations. No shares were sold in the market, and Donovan’s direct holdings after this withholding were 73,841 shares.

Positive

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Negative

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Insider Owens Donovan
Role President, North America Pork
Type Security Shares Price Value
Tax Withholding Common Stock 3,159 $23.65 $75K
Holdings After Transaction: Common Stock — 73,841 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares withheld for taxes 3,159 shares Tax-withholding disposition on RSU vesting
Share value for withholding $23.65 per share Value applied to withheld shares
Shares held after transaction 73,841 shares Direct common stock ownership after withholding
restricted stock units ("RSUs") financial
"in connection with the vesting of restricted stock units ("RSUs")."
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.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting"
withholding of shares financial
"Represents the withholding of shares by the Issuer to satisfy tax"
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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*
Owens Donovan

(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)
President, North America Pork
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026
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)

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 Stock01/28/2026F(1)3,159D$23.6573,841D
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 the withholding of shares by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("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:
/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 transaction did SMITHFIELD FOODS (SFD) report for Owens Donovan?

Owens Donovan reported a tax-related share disposition, where 3,159 SMITHFIELD FOODS common shares were withheld to cover tax obligations on vested RSUs. No shares were sold in the open market as part of this transaction.

How many SMITHFIELD FOODS shares were withheld for taxes in this Form 4?

A total of 3,159 SMITHFIELD FOODS common shares were withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units. This is a non-market event classified as a tax-withholding disposition.

At what price were the SMITHFIELD FOODS (SFD) shares valued for the tax withholding?

The 3,159 withheld SMITHFIELD FOODS shares were valued at $23.65 per share for tax purposes. This price is used to calculate the value of shares surrendered to satisfy the related tax obligations on RSU vesting.

How many SMITHFIELD FOODS shares does Owens Donovan hold after this transaction?

Following the tax-withholding disposition, Owens Donovan directly holds 73,841 SMITHFIELD FOODS common shares. This figure reflects his post-transaction ownership after shares were withheld to cover tax obligations on vested restricted stock units.

Was this SMITHFIELD FOODS Form 4 a market sale of shares?

No, this Form 4 does not report a market sale. Instead, 3,159 shares were withheld by SMITHFIELD FOODS to satisfy tax withholding obligations on vesting RSUs, meaning no shares were sold in the open market.