William A. Newlands - Mar 31, 2022 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Director
Signature
/s/ William A. Newlands, by Power of Attorney
Stock symbol
HRL
Transactions as of
Mar 31, 2022
Transactions value $
$25,594
Form type
4
Date filed
4/4/2022, 02:52 PM
Previous filing
Feb 3, 2022
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Award $25.6K +497 +2.67% $51.54 19.1K Mar 31, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the equivalent of one share of common stock. The shares of phantom stock become payable in common stock in one lump sum, or in up to ten annual installments, at the election of the reporting person, on February 15 of the year following termination of service as a director, or such later date as is elected by the reporting person. In addition, the shares of phantom stock become payable in common stock in one lump sum immediately upon a director's separation from service within six months following a change of control (as defined in the Plan).
F2 Reflects additional phantom stock units received by the Reporting Person upon conversion of dividend equivalents from September 30, 2021 to the present.