Susan K. Nestegard - 11 Jun 2021 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Director
Signature
Susan K Nestegard by Power of Attorney
Issuer symbol
HRL
Transactions as of
11 Jun 2021
Net transactions value
-$799,053
Form type
4
Filing time
14 Jun 2021, 14:18:46 UTC
Previous filing
02 Jun 2021
Next filing
03 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Sale $799,037 -16,470 -15% $48.51 90,901 11 Jun 2021 Direct F1
transaction HRL Common Stock Options Exercise $191,202 +13,200 +15% $14.48 104,101 11 Jun 2021 Direct
transaction HRL Common Stock Tax liability $191,218 -3,920 -3.8% $48.78 100,181 11 Jun 2021 Direct

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 -13,200 -100% $0.000000* 0 11 Jun 2021 Common Stock 13,200 $14.48 Direct
* 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 16,470 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on June 11, 2021 with sale prices ranging from $48.435 to $48.58 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.