Steven Andrew White - Sep 30, 2022 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Director
Signature
/s/ Steven Andrew White, by Power of Attorney
Stock symbol
HRL
Transactions as of
Sep 30, 2022
Transactions value $
$48,563
Form type
4
Date filed
10/4/2022, 01:02 PM
Previous filing
Sep 1, 2022
Next filing
Dec 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Gift $0 -28.1K -50.21% $0.00 27.8K Sep 17, 2022 Direct
transaction HRL Common Stock Gift $0 +28.1K $0.00 28.1K Sep 17, 2022 Spouse's account
transaction HRL Common Stock Gift $0 -28.1K -100% $0.00* 0 Sep 17, 2022 Spouse's account
transaction HRL Common Stock Gift $0 +28.1K $0.00 28.1K Sep 17, 2022 Spouse's Irrevocable Trust
transaction HRL Common Stock Award $48.6K +1.07K +3.83% $45.44 29K Sep 30, 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.