Form 4: Hormel Foods Corp. Executive Swen Neufeldt Reports Stock Transactions

Hormel Foods Corp. Group Vice President Swen Neufeldt reports a stock transaction involving common stock and holdings in 401(k) and JEPST plans.

Summary

• Swen Neufeldt, a Group Vice President at Hormel Foods Corp., reported a transaction involving the company's common stock on December 7, 2024.
• The transaction included the sale of 983 shares of common stock at a price of $32.47 per share, totaling $30,409.853.
• Additionally, the report details holdings of 4.959 shares in a 401(k) plan and 1713.770 shares in a JEPST plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself.

Industry Context

This is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Executive stock transactions are a standard part of corporate governance and are regularly disclosed by publicly traded companies like Hormel Foods Corp.
• Similar disclosures are made by executives at comparable companies such as Tyson Foods (TSN) and Conagra Brands (CAG), reflecting standard practices in the food industry.

Stakeholder Impact

• The stock transaction by an executive may have a minor impact on the stock price, but is generally considered a normal part of executive compensation and portfolio management.

Key Dates

Keywords

Hormel Foods Corp, stock transaction, executive, Swen Neufeldt, common stock, 401(k) plan, JEPST plan