Form 4: Hormel Foods Director Steven Andrew White Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Steven Andrew White reports acquisition of Hormel Foods Corp phantom stock and disposal of common stock.
Summary
- On September 30, 2024, Steven Andrew White, a director of Hormel Foods Corp, reported a transaction involving the company's stock.
- White acquired 1,904.57 shares of phantom stock at a price of $31.7 per share.
- White also disposed of 41,942 shares of common stock held in a Spouse's Irrevocable Trust.
- Following the reported transactions, White beneficially owns 32,041.991 shares of common stock directly and holds shares in a Spouse's Irrevocable Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date from which dividend equivalents were converted to additional phantom stock units. |
| 09/30/2024 | Date of the transaction involving the acquisition of phantom stock and disposal of common stock. |
| 10/02/2024 | Date of the report filing. |
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