Form 4: Hormel Foods Executive Exercises Options and Sells Shares
SEC Form 4 Filing
Mark A. Coffey, a Group Vice President at Hormel Foods, exercised stock options and sold shares on March 28, 2024.
Summary
- On March 28, 2024, Mark A. Coffey, a Group Vice President at Hormel Foods, exercised options to purchase 15,400 shares of Hormel Foods common stock at a price of $26.38 per share.
- Coffey then sold these 15,400 shares on the same day at a weighted average price of $35.0036 per share, with prices ranging from $35.00 to $35.025.
- Following these transactions, Coffey directly owns 68,029.094 shares of Hormel Foods common stock.
- Coffey also indirectly owns 1,808.461 shares through a 401(k) plan and 9,684.503 shares through a JEPST plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. These transactions are closely monitored by investors as they can provide insights into an executive's perspective on the company's future prospects. Form 4 filings are a standard part of regulatory compliance.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | First vesting date of the stock options. |
| 03/28/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 12/02/2024 | Expiration date of the stock options. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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