Steven Andrew White - 30 Sep 2024 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Director
Signature
/s/ Steven Andrew White, by Power of Attorney
Issuer symbol
HRL
Transactions as of
30 Sep 2024
Transactions value $
$60,375
Form type
4
Filing time
02 Oct 2024, 12:30:52 UTC
Previous filing
18 Sep 2024
Next filing
03 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Award $60.4K +1.9K +6.32% $31.70 32K 30 Sep 2024 Direct F1, F2
holding HRL Common Stock 41.9K 30 Sep 2024 Spouse's Irrevocable Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the equivalent of one share of common stock. The shares of phantom stock become payable in common stock in one lump sum, or in up to ten annual installments, at the election of the reporting person, on February 15 of the year following termination of service as a director, or such later date as is elected by the reporting person. In addition, the shares of phantom stock become payable in common stock in one lump sum immediately upon a director's separation from service within six months following a change of control (as defined in the Plan).
F2 Reflects additional phantom stock units received by the Reporting Person upon conversion of dividend equivalents from March 31, 2024 to the present.