Form 4: Hormel Foods Director Steven Andrew White Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Steven Andrew White reports a change in beneficial ownership of Hormel Foods stock due to gift transactions.
Summary
- On September 17, 2024, Steven Andrew White, a director of Hormel Foods Corp, reported changes in his beneficial ownership of the company's stock.
- He disposed of 7,103 shares of common stock as a gift.
- He also acquired 7,103 shares of common stock as a gift to his spouse's irrevocable trust.
- Following these transactions, White directly owns 29,919.201 shares and indirectly owns 41,942 shares through his spouse's irrevocable trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock ownership changes, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The change in beneficial ownership has a minimal impact on stakeholders as it is a transfer between related parties and does not significantly alter the overall ownership structure.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of transaction (gift of shares) |
| 09/18/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.