Form 4: Hormel Foods Director Steven Andrew White Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Steven Andrew White reports changes in beneficial ownership of Hormel Foods stock due to gift transactions.
Summary
- On March 4, 2025, Steven Andrew White, a director of Hormel Foods Corp, reported changes in his beneficial ownership of the company's stock.
- He gifted 5,185 shares of common stock, resulting in a decrease in his direct holdings to 32,521.731 shares.
- He also reported a gift of 5,185 shares to his spouse's irrevocable trust, increasing his indirect holdings to 47,127 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a change in ownership structure rather than a fundamental shift in the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of the stock transactions (gifts). |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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