(HRL)

Role: Director
Signature: /s/ Steven Andrew White, by Power of Attorney
Issuer symbol: HRL
Transactions as of: 30 Sep 2022
Net transactions value: +$48,563
Form type: 4
Filing time: 04 Oct 2022, 13:02:30 UTC
Previous filing: 01 Sep 2022
Next filing: 02 Dec 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	Gift	$0	-28,056	-50%	$0.000000	27,816	17 Sep 2022	Direct
transaction	HRL	Common Stock	Gift	$0	+28,056		$0.000000	28,056	17 Sep 2022	Spouse's account
transaction	HRL	Common Stock	Gift	$0	-28,056	-100%	$0.000000^*	0	17 Sep 2022	Spouse's account
transaction	HRL	Common Stock	Gift	$0	+28,056		$0.000000	28,056	17 Sep 2022	Spouse's Irrevocable Trust
transaction	HRL	Common Stock	Award	$48,563	+1,069	+3.8%	$45.44	28,976	30 Sep 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 March 31, 2022 to the present.

Content

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).

Reflects additional phantom stock units received by the Reporting Person upon conversion of dividend equivalents from March 31, 2022 to the present.