James P. Snee - Jun 3, 2021 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Chairman, President and CEO, Director
Signature
James P Snee, By Power of Attorney
Stock symbol
HRL
Transactions as of
Jun 3, 2021
Transactions value $
-$601,143
Form type
4
Date filed
6/4/2021, 12:53 PM
Next filing
Jul 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $1.39M +60.6K +29.98% $22.99 263K Jun 3, 2021 Direct
transaction HRL Common Stock Tax liability -$1.99M -40.2K -15.29% $49.64 223K Jun 3, 2021 Direct
holding HRL Common Stock 37.9K Jun 3, 2021 401(k) Plan
holding HRL Common Stock 14.9K Jun 3, 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 -60.6K -100% $0.00* 0 Jun 3, 2021 Common Stock 60.6K $22.99 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option vested in four equal annual installments, with the first group vesting on December 3, 2014.