Owens Donovan 4

What Happened

• Donovan Owens, President, North America Pork for Smithfield Foods (SFD), was granted two compensation awards on March 10, 2026: 78,637 restricted stock units (RSUs) and 209,409 derivative awards reported as stock options. Both awards were reported at $0.00 (no cash paid at grant).

Key Details

• Transaction date: 2026-03-10; filing date: 2026-03-12 (filed within the typical Form 4 reporting window).
• RSUs: 78,637 units awarded (each RSU is a contingent right to one share); reported price $0.00. Vesting: three equal annual installments — on the grant date (3/10/2026), 3/10/2027, and 3/10/2028 — subject to continuous service. (Footnote F1)
• Options/Derivative: 209,409 reported as a derivative award (stock option per footnote); reported price $0.00. Vesting: same three-year schedule — on the grant date, 3/10/2027, and 3/10/2028, subject to continuous service. (Footnote F2)
• Shares owned after the reported transaction: not specified in the filing.
• Nature of transaction: Award/Grant (code A) — compensation, not an open-market purchase or sale.

Context

• These are compensation grants (RSUs and stock options) that vest over time and are contingent on continued service; they are not immediate open-market purchases or sales and do not necessarily indicate a trading signal. The RSUs convert to shares upon vesting; the options will vest per schedule and can then be exercised according to plan terms.