Mark A. Coffey - Mar 28, 2024 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
GROUP VICE PRESIDENT
Signature
/s/ Mark A. Coffey, by Power of Attorney
Stock symbol
HRL
Transactions as of
Mar 28, 2024
Transactions value $
-$132,803
Form type
4
Date filed
4/1/2024, 10:58 AM
Previous filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $406K +15.4K +22.64% $26.38 83.4K Mar 28, 2024 Direct
transaction HRL Common Stock Sale -$539K -15.4K -18.46% $35.00 68K Mar 28, 2024 Direct F1
holding HRL Common Stock 1.81K Mar 28, 2024 401(k) Plan
holding HRL Common Stock 9.68K Mar 28, 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 -15.4K -100% $0.00* 0 Mar 28, 2024 Common Stock 15.4K $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 28, 2024 with sale prices ranging from $35.00 to $35.025 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.