Form 4: Hormel Foods Executive Mark J. Ourada Reports Stock Transaction

Hormel Foods Group Vice President Mark J. Ourada disposed of 871 shares of common stock to cover tax obligations, while maintaining indirect ownership through 401(k) and JEPST plans.

Summary

• Mark J. Ourada, a Group Vice President at Hormel Foods, reported a transaction involving the company's common stock.
• On December 7, 2024, Mr. Ourada disposed of 871 shares of common stock at a price of $32.47 per share.
• This transaction was conducted to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Mr. Ourada directly owns 27,542.336 shares of common stock.
• He also indirectly owns 7,752.664 shares through a 401(k) plan and 2,738.844 shares through a JEPST plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an insider transaction, which is neither positive nor negative for the company's overall outlook.

Industry Context

This is a routine filing related to insider transactions and is common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider trading activities.
• The transaction is typical for executives who receive stock-based compensation and need to cover tax obligations upon vesting.
• Similar filings are made by executives at comparable companies such as Tyson Foods (TSN) and General Mills (GIS).

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Hormel Foods, HRL, stock transaction, insider trading, Form 4, executive compensation, equity securities, beneficial ownership