Checkovich Tennille J. 4

What Happened

• Tennille J. Checkovich, Chief Legal Officer of Smithfield Foods, was awarded 10,676 restricted stock units (RSUs) and 28,431 derivative awards (stock-option type) on March 10, 2026. Both grants are reported at $0.00 in the Form 4 (awards, not open‑market purchases); no immediate cash value is shown in the filing. These are compensation grants rather than sales or purchases of already‑issued shares.

Key Details

• Transaction date: 2026-03-10; Form filed: 2026-03-12 (timely filing).
• Grants reported: 10,676 RSUs @ $0.00; 28,431 derivative award (stock option) @ $0.00.
• Vesting: Both awards vest in three equal annual installments — one-third vested on the grant date (Mar 10, 2026), with the remaining thirds vesting Mar 10, 2027 and Mar 10, 2028 — subject to continuous service (footnotes F1 and F2).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing status/timeliness: appears timely (filed two days after the transaction date).
• Nature of transaction: equity compensation (RSUs convert to shares on vesting; derivative award = stock option subject to vesting), not an exercise/sale.

Context

• RSUs: each RSU represents a contingent right to receive one share upon vesting (so shares will be delivered as the RSUs vest if service conditions are met).
• Stock option/derivative award: the grant grants rights that vest over time; this filing does not indicate exercise or sale of options.
• For retail investors: grants are common executive compensation and do not by themselves indicate buying or selling sentiment; purchases are generally stronger signals of insider conviction than awards.