Kevin L. Myers - 13 Oct 2023 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Signature
/s/ Kevin L. Myers, by Power of Attorney
Issuer symbol
HRL
Transactions as of
13 Oct 2023
Net transactions value
-$41,307
Form type
4
Filing time
16 Oct 2023, 14:57:16 UTC
Previous filing
05 Oct 2023
Next filing
11 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $119,548 +5,200 +13% $22.99 44,137 13 Oct 2023 Direct
transaction HRL Common Stock Sale $160,855 -5,200 -12% $30.93 38,937 13 Oct 2023 Direct F1
holding HRL Common Stock 4,998 13 Oct 2023 401(k) Plan
holding HRL Common Stock 2,666 13 Oct 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 -5,200 -100% $0.000000* 0 13 Oct 2023 Common Stock 5,200 $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 October 13, 2023 with sale prices ranging from $30.91 to $30.955 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.