James P. Snee - 03 Feb 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
Issuer symbol: HRL
Transactions as of: 03 Feb 2023
Net transactions value: -$1,004,426
Form type: 4
Filing time: 05 Feb 2024, 16:43:17 UTC
Previous filing: 03 Feb 2023
Next filing: 17 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HRL	Common Stock	Tax liability	$600,561	-13,275	-4.7%	$45.24	266,728	03 Feb 2023	Direct
transaction	HRL	Common Stock	Tax liability	$403,865	-13,087	-4.9%	$30.86	253,640	01 Feb 2024	Direct
transaction	HRL	Common Stock	Award	$0	+64,809	+26%	$0.000000	318,449	01 Feb 2024	Direct
holding	HRL	Common Stock						40,868	03 Feb 2023	401(k) Plan
holding	HRL	Common Stock						16,006	03 Feb 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	+359,100		$0.000000	359,100	01 Feb 2024	Common Stock	359,100	$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.