James P. Snee - Feb 3, 2023 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role: CHAIRMAN, PRESIDENT AND CEO, Director
Signature: /s/ James P. Snee, by Power of Attorney
Stock symbol: HRL
Transactions as of: Feb 3, 2023
Transactions value $: -$1,004,426
Form type: 4
Date filed: 2/5/2024, 04:43 PM
Previous filing: Feb 3, 2023
Next filing: Apr 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HRL	Common Stock	Tax liability	-$601K	-13.3K	-4.74%	$45.24	267K	Feb 3, 2023	Direct
transaction	HRL	Common Stock	Tax liability	-$404K	-13.1K	-4.91%	$30.86	254K	Feb 1, 2024	Direct
transaction	HRL	Common Stock	Award	$0	+64.8K	+25.55%	$0.00	318K	Feb 1, 2024	Direct
holding	HRL	Common Stock						40.9K	Feb 3, 2023	401(k) Plan
holding	HRL	Common Stock						16K	Feb 3, 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)	Award	$0	+359K		$0.00	359K	Feb 1, 2024	Common Stock	359K	$30.86	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option vests in four equal annual installments, with the first group vesting on February 1, 2025.