Luis G. Marconi - 04 Mar 2022 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Group Vice President
Signature
Luis G Marconi, by Power of Attorney
Issuer symbol
HRL
Transactions as of
04 Mar 2022
Net transactions value
-$394,684
Form type
4
Filing time
08 Mar 2022, 12:05:34 UTC
Previous filing
09 Dec 2021
Next filing
08 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Sale $180,687 -3,493 -60% $51.73 2,329 04 Mar 2022 401(k) Plan
transaction HRL Common Stock Options Exercise $566,325 +15,000 +48% $37.76 46,410 07 Mar 2022 Direct
transaction HRL Common Stock Sale $780,322 -15,000 -32% $52.02 31,410 07 Mar 2022 Direct F1

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 -15,000 -100% $0.000000* 0 07 Mar 2022 Common Stock 15,000 $37.76 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 15,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on March 7, 2022 with sale prices ranging from $52.00 to $52.095 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 1, 2016.