Hall Mark L. 4

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.