Checkovich Tennille J. 4

What Happened
Tennille J. Checkovich, Chief Legal Officer of Smithfield Foods (SFD), had 708 shares withheld to satisfy tax withholding obligations in connection with RSU vesting. The withholding is reported as a disposition at $23.65 per share for a total value of $16,744. This was a tax-withholding event (not an open-market sale).

Key Details

• Transaction date: 2026-01-28; Report filed: 2026-06-09 (filed late relative to the typical Form 4 reporting window).
• Price: $23.65 per share; Shares withheld/disposed: 708; Total value reported: $16,744.
• Shares owned after transaction: not stated in the provided filing.
• Transaction code: F — withholding of shares to satisfy tax obligations.
• Footnote: “No shares were sold in the market as a result of the vesting of these RSUs and the satisfaction of tax withholding obligations.”

Context
This was a routine tax-withholding action tied to RSU vesting (cashless retention of shares to cover taxes), which is common and does not indicate an active sale or a directional bet by the insider. The late filing means the market received the disclosure months after the transaction; late filings are allowed but reduce the timeliness of the information for investors.