Form 4: Hormel Foods Director Acquires Additional Phantom Stock Units

Director Steven Andrew White reports acquisition of additional phantom stock units in Hormel Foods Corp.

Summary

• On March 31, 2025, Steven Andrew White, a director of Hormel Foods Corp, acquired 2,036.2 phantom stock units at a price of $30.94.
• Following the transaction, White beneficially owns 34,835.901 shares of common stock.
• These phantom stock units are payable in common stock either in a lump sum or in up to ten annual installments following termination of service as a director, or immediately upon separation from service within six months following a change of control.
• The reported transaction also reflects additional phantom stock units received upon conversion of dividend equivalents from September 30, 2024, to the present.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a transaction by a company director, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the actions of company insiders.

Key Dates

Keywords

Hormel Foods, Director, Phantom Stock, Beneficial Ownership, Form 4, HRL, Steven Andrew White