Form 4: Hormel Foods Director Gary C. Bhojwani Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Gary C. Bhojwani reports acquisition and disposal of Hormel Foods Corp stock, both directly and indirectly through a GRAT.
Summary
- On February 3, 2025, Gary C. Bhojwani, a director of Hormel Foods Corp, reported changes in beneficial ownership of the company's common stock.
- Bhojwani acquired 5,405 shares of common stock.
- Bhojwani also disposed of 4,328 shares held indirectly through a GRAT (Grantor Retained Annuity Trust).
- Following these transactions, Bhojwani directly owns 62,452.12 shares of Hormel Foods Corp.
- The filing indicates that the transaction may have been made pursuant to a Rule 10b5-1(c) trading plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of the stock transaction (acquisition and disposal). |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Hormel Foods, Director, Bhojwani, Stock Transaction, Securities
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