Watts Keller D. 4

What Happened

• Watts Keller, Chief Business Officer of Smithfield Foods (SFD), received equity awards on 2026-03-10: 81,446 restricted stock units (RSUs) and 216,889 derivative awards (option-based), totaling 298,335 shares. Both awards were reported at $0.00 per share (grant price/value not shown in cash terms).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Grants: 81,446 RSUs (reported as acquisition A) and 216,889 derivative awards (reported as acquisition A, derivative).
• Reported price/value: $0.00 per share in the filing (standard for many equity grants; does not indicate market value).
• Vesting: Footnote F1 (RSUs) — vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to continuous service. Footnote F2 (options/derivative) — vests in three equal annual installments on the same schedule, subject to continuous service.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Filing timeliness: Filed two days after the grant date (within typical Form 4 timing), no late-filing flag indicated.

Context

• RSUs are contingent rights to receive shares upon vesting; derivative awards typically represent stock options or similar rights that convert to shares upon vesting/exercise. These grants are standard compensation awards and do not represent open-market buying or selling. They don’t by themselves indicate immediate buying pressure or liquidation.