Mark A. Coffey - 08 Mar 2024 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Signature
/s/ Mark A. Coffey, by Power of Attorney
Issuer symbol
HRL
Transactions as of
08 Mar 2024
Net transactions value
-$120,117
Form type
4
Filing time
12 Mar 2024, 09:52:07 UTC
Previous filing
14 Feb 2024
Next filing
01 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $406,252 +15,400 +23% $26.38 83,429 08 Mar 2024 Direct
transaction HRL Common Stock Sale $526,369 -15,400 -18% $34.18 68,029 08 Mar 2024 Direct F1
holding HRL Common Stock 1,808 08 Mar 2024 401(k) Plan
holding HRL Common Stock 9,685 08 Mar 2024 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 -15,400 -50% $0.000000 15,400 08 Mar 2024 Common Stock 15,400 $26.38 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 15,400 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on March 8, 2024 with sale prices ranging from $34.17 to $34.195 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 2, 2015.