Bennett Isham Jay 4/A

What Happened Bennett Isham Jay, Chief Human Resources Officer of Smithfield Foods (SFD), received an award of 14,672 restricted stock units (RSUs) on March 10, 2026. The RSUs were granted at $0.00 per share (contingent rights to receive common stock) and will vest in three equal annual installments (grant date, March 10, 2027, and March 10, 2028). To satisfy tax withholding on a vesting event, the issuer withheld 1,632 shares valued at $23.76 each, totaling $38,776 — these shares were retained by the company, not sold on the open market.

Key Details

• Transaction dates: March 10, 2026 (award and withholding).
• Award: 14,672 RSUs (code A — acquisition of contingent stock units) granted at $0.00.
• Tax withholding: 1,632 shares withheld (code F) at $23.76/share, equal to $38,776; no market sale occurred.
• Vesting schedule: RSUs vest in three equal annual installments (grant date, Mar 10, 2027, Mar 10, 2028), subject to continued service.
• Filing: This is an amended Form 4 (filed June 9, 2026) correcting an omission in the original March 12, 2026 filing regarding the issuer’s share-withholding for taxes and correcting the reported post-transaction beneficial ownership. See the Form 4/A for the updated ownership amount.

Context

• These were RSU awards (not open-market purchases or exercise-for-cash). The tax obligation was satisfied by the company withholding shares — a common, administrative practice that doesn’t indicate an open-market sale.
• The amendment fixes reporting details from the original filing; the original Form 4 was filed shortly after the March 10 transactions, and the amendment clarifies withholding and ownership totals.