Form 4: Hormel Foods Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Katherine M. Losness-Larson, a Senior Vice President at Hormel Foods, exercised stock options and disposed of shares on June 26 and 27, 2024.
Summary
- Katherine M. Losness-Larson, a Senior Vice President at Hormel Foods, executed transactions involving Hormel Foods Corp (HRL) stock.
- On June 26, 2024, Losness-Larson exercised stock options to acquire 6,200 shares at a price of $26.38 per share.
- Also on June 26, 2024, she disposed of 5,651 shares at a price of $30.22 per share.
- On June 27, 2024, she acquired 830 shares at a price of $30.12 per share.
- Following these transactions, Losness-Larson directly owns 15,905.324 shares of Hormel Foods Corp.
- She also indirectly owns shares through a 401(k) Plan (1,303.347 shares), a JEPST Plan (731.286 shares), and a Spouse IRA (1,600 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing insider transactions, which is neutral in sentiment. It provides factual information about stock option exercises and share disposals.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock options as part of their compensation. These transactions are closely watched by investors for insights into management's view of the company's prospects.
Comparison to Industry Standards
- Executive stock option exercises and sales are standard practice across publicly traded companies, including Hormel's peers in the food industry such as Tyson Foods (TSN) and Kraft Heinz (KHC).
- The vesting schedules and exercise prices are typically determined by compensation committees and are designed to align executive interests with shareholder value.
- Similar filings can be observed for executives at comparable companies, providing transparency into their trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares outstanding.
- The filing provides transparency to stakeholders regarding executive compensation and trading activities.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | First vesting date of the stock options. |
| 06/26/2024 | Date of stock option exercise and share disposal. |
| 06/27/2024 | Date of share acquisition. |
| 06/28/2024 | Date of signature on the Form 4 filing. |
| 12/02/2024 | Expiration date of the stock options. |
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