William A. Newlands - Sep 30, 2024 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Director
Signature
/s/ William A. Newlands, by Power of Attorney
Stock symbol
HRL
Transactions as of
Sep 30, 2024
Transactions value $
$38,063
Form type
4
Date filed
10/2/2024, 12:31 PM
Previous filing
May 14, 2024
Next filing
Oct 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Award $38.1K +1.2K +3.77% $31.70 33K Sep 30, 2024 Direct F1, F2
* 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.