James P. Snee - 04 Mar 2022 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Chairman, President and CEO, Director
Signature
James P Snee, By Power of Attorney
Issuer symbol
HRL
Transactions as of
04 Mar 2022
Net transactions value
-$546,768
Form type
4
Filing time
08 Mar 2022, 12:06:19 UTC
Previous filing
01 Feb 2022
Next filing
18 Apr 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 Options Exercise $1,572,248 +59,600 +23% $26.38 313,385 04 Mar 2022 Direct
transaction HRL Common Stock Tax liability $2,119,016 -40,963 -13% $51.73 272,422 04 Mar 2022 Direct
holding HRL Common Stock 38,067 04 Mar 2022 401(k) Plan
holding HRL Common Stock 15,073 04 Mar 2022 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 -59,600 -100% $0.000000* 0 04 Mar 2022 Common Stock 59,600 $26.38 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 2, 2015.