QUELCH JOHN 4

What Happened John Quelch, a director of Smithfield Foods Inc. (SFD), received a grant of 6,915 restricted stock units (RSUs) on 2026-06-02. The RSUs were reported at an acquisition price of $0.00 (code A — award/grant). Each RSU represents a contingent right to one share of common stock and will convert to shares if and when the RSUs vest.

Key Details

• Transaction date: 2026-06-02; Filing date (Form 4): 2026-06-03.
• Transaction type/code: Award of RSUs (A); reported acquisition price $0.00.
• Shares granted: 6,915 RSUs (each RSU = right to one share upon vesting).
• Vesting: RSUs will vest on the day of the company's 2027 annual shareholders meeting (per footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing appears timely (filed the next day).

Context RSU grants are compensation awards, not open-market purchases or sales — they entitle the holder to receive shares if vesting conditions are met. There is no immediate cash outlay or sale; the economic value depends on Smithfield’s share price at vesting and any applicable tax withholding rules at that time.