Hormel Foods (HRL) EVP Domenic Borrelli receives RSU and stock option grants

Rhea-AI Filing Summary

Hormel Foods EVP, Retail Domenic Borrelli received new equity-based compensation. He was granted 8,341 shares of common stock as restricted stock units under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan, which vest three years after the June 9, 2026 grant date.

He was also granted stock options for 50,800 shares of common stock at an exercise price of $23.98 per share, expiring on June 9, 2036. These options vest in four equal annual installments beginning June 9, 2027. After these awards, he directly holds 8,341 shares of common stock and 50,800 stock options.

Insights

Executive compensation analyst

Routine equity grants align EVP incentives with Hormel’s long-term performance.

The filing shows Domenic Borrelli, EVP, Retail at Hormel Foods, receiving equity awards rather than trading shares in the open market. He was granted 8,341 restricted stock units plus options for 50,800 shares at an exercise price of $23.98 per share.

Both awards are subject to multi‑year vesting schedules. The RSUs vest after three years, and the options vest in four annual installments starting on June 9, 2027 and expiring on June 9, 2036. This structure encourages retention and a focus on long-term share performance.

Because these are compensation grants with no open‑market buying or selling, they carry limited signaling value about management’s view of the stock. Subsequent company filings will show when portions of these awards vest or are exercised, providing more detail on realized compensation over time.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Borrelli Domenic

Role EVP, Retail

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	50,800	$0.00	--
Grant/Award	Common Stock	8,341	$0.00	--

Holdings After Transaction: Stock Options (Right to Buy) — 50,800 shares (Direct, null); Common Stock — 8,341 shares (Direct, null)

Footnotes (1)

1. Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests three years after the grant date. Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests in four equal annual installments after the grant date, with the first installment vesting on June 9, 2027.

Key Figures

Restricted stock units granted: 8,341 shares Stock options granted: 50,800 options Option exercise price: $23.98 per share +5 more

8 metrics

Restricted stock units granted 8,341 shares Award of restricted stock units on June 9, 2026

Stock options granted 50,800 options Stock Options (Right to Buy) granted on June 9, 2026

Option exercise price $23.98 per share Conversion or exercise price for stock options

RSU vesting period 3 years Restricted stock units vest three years after grant date

Option vesting schedule 4 equal annual installments First installment vests June 9, 2027

Option expiration date June 9, 2036 Expiration date of stock options

Shares held after grant 8,341 shares Total common shares directly held following transaction

Options held after grant 50,800 options Total stock options directly held following transaction

Key Terms

restricted stock units, Stock Options (Right to Buy, Equity and Incentive Compensation Plan, vesting

4 terms

restricted stock units financial

"Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Options (Right to Buy financial

"Stock Options (Right to Buy) with an exercise price of 23.9800 and expiration date in 2036."

Equity and Incentive Compensation Plan financial

"Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."

vesting financial

"Award vests in four equal annual installments after the grant date, with the first installment vesting on June 9, 2027."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/11/2026 - 04:06 PM Accepted by SEC EDGAR 06/11/2026 - 04:05 PM Learn about SEC filing dates

FAQ

What equity awards did Hormel Foods (HRL) EVP Domenic Borrelli receive?

Domenic Borrelli received 8,341 restricted stock units and stock options for 50,800 shares of Hormel Foods common stock. Both awards were granted under the 2026 Equity and Incentive Compensation Plan with multi-year vesting schedules tied to continued employment and long-term performance.

What is the vesting schedule for Domenic Borrelli’s Hormel (HRL) restricted stock units?

Borrelli’s 8,341 restricted stock units vest three years after the June 9, 2026 grant date. This time-based vesting encourages executive retention and links value realization to longer-term service and performance at Hormel Foods rather than short-term market movements.

What are the key terms of Domenic Borrelli’s Hormel (HRL) stock options?

Borrelli was granted options on 50,800 shares of Hormel common stock with a $23.98 exercise price. These options vest in four equal annual installments starting June 9, 2027, and expire on June 9, 2036, providing a long-dated performance-linked incentive.

Did Domenic Borrelli buy or sell Hormel (HRL) shares in the market?

The Form 4 shows compensation-related acquisitions, not open-market trades. Borrelli received restricted stock units and stock options at no cash purchase price, recorded as grant or award transactions rather than discretionary buying or selling of existing Hormel shares.

How many Hormel (HRL) shares does Domenic Borrelli hold after these awards?

After the June 9, 2026 grants, Borrelli directly holds 8,341 shares of Hormel common stock and 50,800 stock options. The options are exercisable only as they vest over four years and before their June 9, 2036 expiration date under the plan’s terms.

Under which plan were Domenic Borrelli’s Hormel (HRL) equity awards granted?

Both the restricted stock units and stock options were granted under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. This plan provides equity-based incentives to align executives’ interests with long-term shareholder value and encourage retention over several years.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Borrelli Domenic

(Last) (First) (Middle)

1 HORMEL PLACE

(Street)

AUSTIN MINNESOTA 55912

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HORMEL FOODS CORP /DE/ [ HRL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Retail

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/09/2026		A(1)		8,341	A	$0	8,341	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$23.98	06/09/2026		A(2)		50,800		(2)	06/09/2036	Common Stock	50,800	$0	50,800	D

Explanation of Responses:

1. Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests three years after the grant date.

2. Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests in four equal annual installments after the grant date, with the first installment vesting on June 9, 2027.

Remarks:

	/s/ Benjamin S. Borden, Attorney-In-Fact	06/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)