France Steven 4

What Happened

• Steven France, President, Packaged Meats at Smithfield Foods (SFD), was granted compensation awards on March 10, 2026: 93,305 restricted stock units (RSUs) and a derivative award of 248,470 units (reported as a stock option grant). Both grants were reported at $0 per share (no cash paid). Total units granted: 341,775.
• These awards are compensation grants (not open-market purchases or sales) and do not represent an immediate sale of shares.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Award amounts: 93,305 RSUs; 248,470 derivative units (stock option grant). Reported acquisition price: $0.
• Vesting: Both awards vest in three equal annual installments — on the date of grant (3/10/2026), March 10, 2027, and March 10, 2028 — subject to the Reporting Person’s continuous service through those dates (per footnotes).
• RSU note: Each RSU represents a contingent right to one share of common stock upon vesting.
• Option note: The derivative entry is a stock option grant that vests over the same schedule; the filing does not disclose strike/exercise price or whether options are immediately exercisable.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• No sales, exercises, or tax-withholding transactions reported in this filing.

Context

• These are standard compensation awards to an executive; grants are common and reflect pay, not an open-market endorsement. RSUs convert to shares when vested; options require exercise before converting to shares. Retail investors often view purchases as more direct signals than routine compensation grants.