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

Role
Director
Signature
Susan K Nestegard by Power of Attorney
Stock symbol
HRL
Transactions as of
Jun 11, 2021
Transactions value $
-$799,053
Form type
4
Date filed
6/14/2021, 02:18 PM
Previous filing
Jun 2, 2021
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Sale -$799K -16.5K -15.34% $48.51 90.9K Jun 11, 2021 Direct F1
transaction HRL Common Stock Options Exercise $191K +13.2K +14.52% $14.49 104K Jun 11, 2021 Direct
transaction HRL Common Stock Tax liability -$191K -3.92K -3.77% $48.78 100K Jun 11, 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 -13.2K -100% $0.00* 0 Jun 11, 2021 Common Stock 13.2K $14.49 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.