Bennett Isham Jay 4
4 · SMITHFIELD FOODS INC · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Smithfield Foods CHRO Bennett Isham Jay Receives Awards
What Happened
Bennett Isham Jay, Chief Human Resources Officer of Smithfield Foods (SFD), received equity awards on March 10, 2026: 14,672 restricted stock units (RSUs) and 39,071 option-type awards (reported as a derivative grant). Both grants show an acquisition price of $0.00 in the Form 4 filing; these are awards, not open-market purchases or sales.
Key Details
- Transaction date: 2026-03-10; filing date: 2026-03-12. No late filing is indicated in the provided data.
- Awards: 14,672 RSUs (acquired at $0.00) and 39,071 derivative awards (acquired at $0.00).
- Shares owned after the transaction: not disclosed in the supplied summary.
- Footnotes: F1 — each RSU represents a contingent right to one share; RSUs vest in three equal annual installments: on the grant date, March 10, 2027, and March 10, 2028, subject to continuous service. F2 — the stock option award vests in the same three-year installment schedule, subject to continuous service.
- Transaction type codes: A = Award/Grant. No 10b5-1 plan, tax withholding, or cashless exercise noted in the filing excerpt.
Context
RSUs convert into common shares only as they vest; the option-type awards give Jay the right to acquire shares per the award terms once vested (the filing excerpt does not state strike price or exercise details). These are standard compensation grants to an executive and are not immediate purchases or sales of shares.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-10+14,672→ 28,672 total - Award
Stock Option (Right to Buy)
[F2]2026-03-10+39,071→ 130,747 totalExercise: $23.76Exp: 2036-03-10→ Common Stock (39,071 underlying)
Footnotes (2)
- [F1]Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to the Reporting Person's continuous service through such dates.
- [F2]The stock option shall vest in three equal annual installments on the date of grant, March 10, 2027, and March 10, 2028, subject to the Reporting Person's continuous service through such dates.