Form 4: Hormel Foods Director Policinski Reports Acquisition of Phantom Stock

Director Christopher J. Policinski reports acquiring phantom stock in Hormel Foods Corp. through dividend equivalents.

Summary

• Christopher J. Policinski, a director of Hormel Foods Corp, reported a transaction on March 31, 2024.
• Policinski acquired 1,617.58 shares of phantom stock at a price of $34.89 per share.
• This acquisition increased Policinski's total holdings to 101,432.476 shares of common stock.
• The phantom stock becomes payable in common stock following termination of service as a director.
• The shares of phantom stock become payable in common stock in one lump sum immediately upon a director's separation from service within six months following a change of control.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices, so the sentiment is neutral.

Future Outlook

The phantom stock will be payable in common stock upon termination of service as a director, either in a lump sum or in up to ten annual installments, or immediately upon a director's separation from service within six months following a change of control.

Industry Context

Form 4 filings are routine 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 has a minimal direct impact on stakeholders as it involves phantom stock and not direct cash compensation.

Key Dates