Form 4: Hormel Foods CFO Sells Shares for Tax Obligations
Insider Transaction Report
Hormel Foods' Interim CFO and Controller, Paul R. Kuehneman, reported the disposition of 619 shares of common stock to cover tax withholding obligations.
Summary
- Paul R. Kuehneman, Interim CFO and Controller of Hormel Foods Corp (HRL), reported a transaction on December 6, 2025.
- The transaction involved the disposition of 619 shares of Common Stock at a price of $24.34 per share.
- This disposition was coded as 'F', indicating a payment of tax liability by delivering or withholding securities.
- Following the transaction, Mr. Kuehneman directly beneficially owns 15,119.949 shares of Common Stock.
- Indirect beneficial ownership includes 5,353.198 shares via a 401(k) Plan, 2,446.095 shares via a JEPST Plan, and 1,088.137 shares via a Spouse JEPST Plan.
- The reported shares include dividend equivalents paid on restricted stock units that have been reinvested in additional restricted stock units since the last filing.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and not indicative of management's view on company prospects or a significant change in beneficial ownership.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 reports a routine insider transaction and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Standard Authorization | Paul R. Kuehneman granted a Power of Attorney to Colleen R. Batcheler, Benjamin S. Borden, Susan C. McRaith, and Kelli M. Hill to execute and file SEC reports on his behalf. This is a standard corporate practice to facilitate timely compliance with reporting requirements. | August 12, 2025 | This is a routine administrative arrangement that streamlines SEC filing processes for the officer and does not represent a change in corporate governance policy or structure. |
Stakeholder Impact
- Shareholders: Minimal impact, as the transaction is a routine tax-related disposition and not a discretionary sale that would signal a change in insider sentiment.
- Employees: No direct impact on employees is indicated by this filing.
- Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| August 12, 2025 | Date of execution for the Power of Attorney granted by Paul R. Kuehneman. |
| December 6, 2025 | Date of the reported transaction (disposition of common stock). |
| December 9, 2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Hormel Foods, HRL, Form 4, Insider Transaction, Stock Disposition, Paul R. Kuehneman, CFO, Tax Withholding
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