Owens Donovan (SFD) has shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
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
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
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)
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Key Figures
Shares withheld for taxes: 3,159 shares
Share value for withholding: $23.65 per share
Shares held after transaction: 73,841 shares
3 metrics
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
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, withholding of shares
3 terms
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"
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.