Kevin L. Myers - Jun 8, 2023 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
SENIOR VICE PRESIDENT
Signature
/s/ Kevin L. Myers, by Power of Attorney
Stock symbol
HRL
Transactions as of
Jun 8, 2023
Transactions value $
-$91,120
Form type
4
Date filed
6/12/2023, 12:45 PM
Previous filing
Dec 8, 2022
Next filing
Oct 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $120K +5.2K +14.37% $22.99 41.4K Jun 8, 2023 Direct
transaction HRL Common Stock Sale -$211K -5.2K -12.56% $40.51 36.2K Jun 8, 2023 Direct F1
holding HRL Common Stock 4.98K Jun 8, 2023 401(k) Plan
holding HRL Common Stock 2.65K Jun 8, 2023 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 -5.2K -50% $0.00 5.2K Jun 8, 2023 Common Stock 5.2K $22.99 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 5,200 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on June 8, 2023 with sale prices ranging from $40.51 to $40.515 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 3, 2014.