Hall Mark L. 4/A

What Happened

• Mark L. Hall, Chief Financial Officer of Smithfield Foods (SFD), was granted 78,353 restricted stock units (RSUs) on March 10, 2026 (grant value recorded at $0.00 for RSU award). As part of the vesting/settlement, 11,780 shares were withheld by the issuer to satisfy tax withholding obligations at an implied value of $23.76 per share (total ~$279,893). The withholding is reported as a disposition (code F) but no shares were sold in the open market.

Key Details

• Transaction date(s): March 10, 2026 (award and withholding).
• Grant: 78,353 RSUs (each RSU represents a right to one share); acquisition price reported $0.00.
• Withholding: 11,780 shares withheld at $23.76/share to satisfy taxes (disposition value ~$279,893). Footnote clarifies no market sale occurred.
• Vesting: RSUs vest in three equal annual installments — on the date of grant (Mar 10, 2026), Mar 10, 2027, and Mar 10, 2028 — subject to continued service.
• Filing status: This is an amendment (Form 4/A) filed June 8, 2026 correcting the original Form 4 (filed Mar 12, 2026) that had inadvertently omitted the issuer’s share withholding and thus misstated post-transaction beneficial ownership.

Context

• RSUs are a compensation award (not a purchase) and represent a contingent right to receive shares upon vesting. The withholding of shares to cover taxes is a routine administrative step and does not indicate an open-market sale by the executive. The amendment simply corrects reporting to reflect that withholding. For full updated beneficial ownership figures, refer to the amended Form 4/A filing.