James N. Sheehan - May 28, 2021 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Executive V.P. & CFO
Signature
James N. Sheehan, by Power of Attorney
Stock symbol
HRL
Transactions as of
May 28, 2021
Transactions value $
-$887,883
Form type
4
Date filed
6/2/2021, 09:15 AM
Next filing
Dec 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $1.04M +39.6K +241.23% $26.38 56K May 28, 2021 Direct
transaction HRL Common Stock Sale -$1.93M -39.6K -70.69% $48.80 16.4K May 28, 2021 Direct F1
holding HRL Common Stock 91.5K May 28, 2021 Rev Trust
holding HRL Common Stock 56.4K May 28, 2021 Spouse's Rev Trust
holding HRL Common Stock 16.4K May 28, 2021 JEPST Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HRL Stock Options (Right to Buy) Options Exercise $0 -39.6K -100% $0.00* 0 May 28, 2021 Common Stock 39.6K $26.38 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of 39,600 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on May 28, 2021 with sale prices ranging from $48.61 to $49.13 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
F2 The option vested in four equal annual installments, with the first group vesting on December 2, 2015.