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Hormel Foods (NYSE: HRL) awards stock units and options to supply chain chief

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Hormel Foods executive William W. Bonifant, GVP and Chief Supply Chain Officer, reported equity awards as part of compensation. He received 5,734 restricted stock units that vest three years after the June 9, 2026 grant date. He also received stock options for 34,900 shares of common stock at an exercise price of $23.98 per share, expiring on June 9, 2036 and vesting in four equal annual installments starting on June 9, 2027. Following these awards, he directly holds 17,953.9235 shares of Hormel Foods common stock.

Positive

  • None.

Negative

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Insider Bonifant William W.
Role GVP, Chief Supply Chain Ofc.
Type Security Shares Price Value
Grant/Award Stock Options (Right to Buy) 34,900 $0.00 --
Grant/Award Common Stock 5,734 $0.00 --
Holdings After Transaction: Stock Options (Right to Buy) — 34,900 shares (Direct, null); Common Stock — 17,953.924 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.
Restricted stock units granted 5,734 units Award to William W. Bonifant on June 9, 2026; vests after three years
Stock options granted 34,900 options Award to William W. Bonifant on June 9, 2026 under 2026 plan
Option exercise price $23.98 per share Exercise price for 34,900 stock options granted to Bonifant
Option expiration date June 9, 2036 Expiration for stock options awarded to Bonifant
Common shares held after grant 17,953.9235 shares Direct Hormel Foods common stock holdings after reported awards
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.
Equity and Incentive Compensation Plan financial
"pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."
stock options financial
"Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"conversion_or_exercise_price: "23.9800" for the stock options grant."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Bonifant William W.
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
GVP, Chief Supply Chain Ofc.
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/09/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/09/2026A(1)5,734A$017,953.9235D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy)$23.9806/09/2026A(2)34,900 (2)06/09/2036Common Stock34,900$034,900D
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-Fact06/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Hormel Foods (HRL) report for William W. Bonifant?

Hormel Foods reported that William W. Bonifant received equity awards, not open-market trades. He was granted 5,734 restricted stock units and 34,900 stock options as compensation, increasing his direct holdings to 17,953.9235 common shares plus the new option position.

How many restricted stock units did Hormel Foods (HRL) grant to William W. Bonifant?

William W. Bonifant received 5,734 restricted stock units from Hormel Foods. These units were granted under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan and will vest in a single installment three years after the June 9, 2026 grant date.

What are the terms of William W. Bonifant’s stock options from Hormel Foods (HRL)?

Bonifant was granted stock options covering 34,900 shares of Hormel Foods common stock at an exercise price of $23.98 per share. The options vest in four equal annual installments beginning on June 9, 2027 and expire on June 9, 2036, if not exercised earlier.

How many Hormel Foods (HRL) shares does William W. Bonifant hold after these grants?

After the reported equity grants, William W. Bonifant directly holds 17,953.9235 shares of Hormel Foods common stock. This figure reflects his ownership following the grant of 5,734 restricted stock units and the award of 34,900 stock options under the company’s 2026 equity plan.

Are William W. Bonifant’s Hormel Foods (HRL) equity awards part of a compensation plan?

Yes. Both the 5,734 restricted stock units and the 34,900 stock options granted to William W. Bonifant were awarded under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan, which governs equity and incentive compensation for eligible company personnel.