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SMITHFIELD FOODS INC·4

Mar 12, 4:10 PM ET

He Hank Shenghua 4

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Smithfield Foods (SFD) Director He Hank Shenghua Receives Award

What Happened
Director He Hank Shenghua was granted awards on March 10, 2026 totaling 287,006 shares: 78,353 restricted stock units (RSUs) and 208,653 derivative awards (stock-option style grant). Both grants show a $0 acquisition price on the Form 4 because these are compensatory awards, not open-market purchases. These awards will vest over time per the company’s vesting schedule (see Key Details).

Key Details

  • Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (filed within the usual 2-business-day reporting window).
  • Reported amounts: 78,353 RSUs and 208,653 derivative awards = 287,006 total. Price reported: $0.00 for each grant.
  • Shares owned after transaction: Not disclosed in the filing.
  • Footnotes:
    • F1 (RSUs): Each RSU converts to one share and vests in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to continuous service. The grant therefore includes an immediate tranche contingent on service.
    • F2 (derivative award/option): The option-style award vests in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to continuous service.
  • Transaction code: A = Award/Grant.

Context
These awards are compensation/retention grants and do not represent an open-market purchase or sale. RSUs convert to shares only as they vest; the derivative award will vest per its schedule and may require exercise before shares are realized. Awards at grant are recorded at $0 on Form 4 and only create economic value when they vest and/or are exercised and sold.