(HRL)

Role: Director
Signature: /s/ Gary C. Bhojwani, by Power of Attorney
Stock symbol: HRL
Transactions as of: Mar 25, 2022
Transactions value $: $106,330
Form type: 4
Date filed: 3/29/2022, 04:24 PM
Previous filing: Feb 17, 2022
Next filing: Apr 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HRL	Common Stock	Other	$106K	+2.1K	+8.02%	$50.59	28.3K	Mar 25, 2022	Direct	F1
holding	HRL	Common Stock						5.98K	Mar 25, 2022	GRAT 2
holding	HRL	Common Stock						8.59K	Mar 25, 2022	GRAT 3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On March 25, 2022, the reporting person withdrew 2,102 shares of HRL common stock from a grantor retained annuity trust. In exchange for the shares, the reporting person contributed to the trust $106,330 in cash. The remaining 9,133 shares of HRL common stock were distributed to the reporting person as the final annuity payment. The withdrawal and distribution of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly and a corresponding increase in the number of shares the reporting person beneficially owns directly. The reporting person believes that his withdrawal and distribution of shares from the trust constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.

Content

On March 25, 2022, the reporting person withdrew 2,102 shares of HRL common stock from a grantor retained annuity trust. In exchange for the shares, the reporting person contributed to the trust $106,330 in cash. The remaining 9,133 shares of HRL common stock were distributed to the reporting person as the final annuity payment. The withdrawal and distribution of shares from the trust resulted in a decrease in the number of shares the reporting person beneficially owns indirectly and a corresponding increase in the number of shares the reporting person beneficially owns directly. The reporting person believes that his withdrawal and distribution of shares from the trust constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.