Steven J. Lykken - Mar 23, 2022 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
GROUP VICE PRESIDENT
Signature
/s/ Steven J. Lykken, by Power of Attorney
Stock symbol
HRL
Transactions as of
Mar 23, 2022
Transactions value $
-$554,963
Form type
4
Date filed
3/25/2022, 11:45 AM
Previous filing
Dec 9, 2021
Next filing
Dec 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $248K +16K +69.23% $15.49 39.1K Mar 23, 2022 Direct
transaction HRL Common Stock Sale -$803K -16K -40.91% $50.18 23.1K Mar 23, 2022 Direct F1
holding HRL Common Stock 4.93K Mar 23, 2022 401(k) Plan
holding HRL Common Stock 1.99K Mar 23, 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 -16K -100% $0.00* 0 Mar 23, 2022 Common Stock $16K $15.49 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 16,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on March 23, 2022 with sale prices ranging from $50.03 to $50.43 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 4, 2013.