SMITHFIELD FOODS (SFD) HR chief has 992 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SMITHFIELD FOODS INC Chief Human Resources Officer Bennett Isham Jay reported a tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 992 shares of common stock were withheld by the company at $23.65 per share to cover tax obligations. No shares were sold in the market, and Jay now directly holds 13,008 common shares after this routine withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bennett Isham Jay
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 992 | $23.65 | $23K |
Holdings After Transaction:
Common Stock — 13,008 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 992 shares
Withholding price per share: $23.65 per share
Shares held after transaction: 13,008 shares
3 metrics
Shares withheld for taxes
992 shares
Tax withholding on RSU vesting
Withholding price per share
$23.65 per share
Value applied to withheld shares
Shares held after transaction
13,008 shares
Direct common stock holdings after withholding
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, Common Stock
3 terms
restricted stock units ("RSUs") financial
"in connection with 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 vesting of restricted stock units"
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did SMITHFIELD FOODS (SFD) report for Bennett Isham Jay?
The filing shows a tax-related share disposition. 992 common shares were withheld by SMITHFIELD FOODS to cover tax obligations from vesting restricted stock units, with no shares sold in the market as part of this event.
What role does Bennett Isham Jay hold at SMITHFIELD FOODS (SFD)?
Bennett Isham Jay serves as Chief Human Resources Officer at SMITHFIELD FOODS. The Form 4 filing reports his equity compensation-related tax withholding transaction involving restricted stock units and provides updated information on his direct common share holdings.