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

Role
Group Vice President
Signature
Luis G Marconi, by Power of Attorney
Stock symbol
HRL
Transactions as of
Mar 4, 2022
Transactions value $
-$394,684
Form type
4
Date filed
3/8/2022, 12:05 PM
Previous filing
Dec 9, 2021
Next filing
Jun 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Sale -$181K -3.49K -60% $51.73 2.33K Mar 4, 2022 401(k) Plan
transaction HRL Common Stock Options Exercise $566K +15K +47.76% $37.76 46.4K Mar 7, 2022 Direct
transaction HRL Common Stock Sale -$780K -15K -32.32% $52.02 31.4K Mar 7, 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 -15K -100% $0.00* 0 Mar 7, 2022 Common Stock 15K $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.