Westerbeek Kraig A. 4

What Happened Kraig A. Westerbeek, President, Hog Production at Smithfield Foods (SFD), was granted two equity awards on March 10, 2026: 34,319 restricted stock units (RSUs) and a derivative award covering 91,390 shares (reported as a grant/award). Both grants were issued at $0.00 (standard for compensation awards) and reported on a Form 4 filed March 12, 2026.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
• Awards: 34,319 RSUs (reported as acquisition A) and 91,390 derivative shares (award A, derivative security) — both at $0.00 per share (no cash paid).
• Vesting: Both awards vest in three equal annual installments — on the date of grant, March 10, 2027, and March 10, 2028 (subject to continued service). This means one-third vested immediately on grant date.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 describes the RSU mechanics (each RSU = one contingent right to one share); F2 describes the option/derivative vesting schedule.
• No 10b5-1 plan, tax-withholding sale, or late-filing indication noted in this Form 4.

Context These entries are compensation awards (RSUs and a derivative option grant) rather than open-market purchases or sales. Such grants are common for executive/management pay and do not by themselves signal a buy or sell decision in the market — they represent future potential issuance of shares as they vest. The derivative award will convert to or allow acquisition of common shares only as portions vest per the schedule.