Form 4: Hormel Foods Director Newlands Acquires Additional Phantom Stock

Director William A. Newlands reports acquisition of phantom stock in Hormel Foods Corp due to dividend equivalents and a transaction on March 31, 2024.

Summary

• William A. Newlands, a director of Hormel Foods Corp, reported acquiring additional phantom stock units.
• The transaction occurred on March 31, 2024.
• Newlands acquired 1,090.93 shares of phantom stock at a price of $34.89 per share.
• This acquisition increased Newlands' total holdings to 31,692.47 shares of common stock.
• The phantom stock units were received upon conversion of dividend equivalents from September 30, 2023, to the present.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment about the company's performance.

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, in their own company's stock. This allows the public to monitor insider activity, which can sometimes provide insights into management's view of the company's prospects.

Key Dates