Hall Mark L. 4
4 · SMITHFIELD FOODS INC · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Smithfield Foods (SFD) CFO Hall Mark L. Exercises Options, Sells 78,579 Shares
What Happened
Hall Mark L., Chief Financial Officer of Smithfield Foods (SFD), exercised 78,579 stock options on June 9, 2026 (cost $20.00/share; $1,571,580 total) and sold the 78,579 shares the same day in open-market transactions for aggregate proceeds of $2,071,342 (weighted avg price reported $26.36). All shares acquired in the exercise were disposed, so there was no net retention of those shares from this transaction.
Key Details
- Transaction date: June 9, 2026. Exercise: 78,579 shares at $20.00 (total exercise cost $1,571,580). Sale: 78,579 shares at a weighted avg $26.36 (gross proceeds $2,071,342).
- Net pre-tax proceeds (gross sale minus exercise cost): ~$499,762.
- Shares retained from this exercise: none — all 78,579 shares were sold.
- Footnote: Sale price is a weighted average; the filer notes multiple sale prices on June 9 (range provided in the filing) and will provide a breakdown on request. Another footnote states the option was granted Jan 29, 2026 and vests in five equal annual installments beginning Jan 27, 2026.
- Filing timeliness: Report filed June 11, 2026 for a June 9 transaction — the Form 4 was submitted within the usual two-business-day reporting window.
Context
This was an option exercise followed by an immediate sale of the acquired shares (a cashless or simultaneous exercise-and-sell), which is common for option holders to cover exercise cost, taxes, and/or diversify. The filing is factual and does not state the insider’s motivation.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-06-09$20.00/sh+78,579$1,571,580→ 213,304 total - Sale
Common Stock
[F1]2026-06-09$26.36/sh−78,579$2,071,342→ 134,725 total - Exercise/Conversion
Stock Option (Right to Buy)
[F2]2026-06-09−78,579→ 314,318 totalExercise: $20.00Exp: 2035-01-26→ Common Stock (78,579 underlying)
Footnotes (2)
- [F1]This is a weighted average price. These shares were sold in multiple transactions on June 9, 2025, at prices ranging from $26.985 to $26.04, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.
- [F2]The stock option was granted on January 29, 2026 and vested or vests in five equal annual installments on January 27, 2026, January 27, 2027, January 27, 2028, January 27, 2029 and January 27, 2030, subject to the Reporting Person's continuous service through such dates.