Owens Donovan 4

What Happened
Owens Donovan, President, North America Pork at Smithfield Foods (SFD), had 3,159 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $23.65 per share for a total value of $74,710. This was a tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-01-28; Filing date: 2026-06-09 (filed late relative to the usual 2-business-day reporting requirement).
• Price reported: $23.65 per share. Total value: $74,710.
• Shares withheld/disposed: 3,159.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — Issuer withheld shares to satisfy tax withholding on RSU vesting; no shares were sold in the market as a result.
• Accession: 0002052866-26-000004.

Context
Tax-withholding via share retention is a common, administrative action following RSU vesting and does not necessarily indicate the insider is selling shares into the market. For retail investors, purchases by insiders generally convey more direct bullish signals than routine withholdings for taxes. The late filing means the record of the transaction was made public months after the transaction date.