Form 4: Hormel Foods Executive Pierre M. Lilly Reports Stock Transaction

Pierre M. Lilly, a Senior Vice President and Chief Compliance Officer at Hormel Foods, reported a disposition of 590 shares of common stock on December 7, 2024.

Summary

• Pierre M. Lilly, a Senior Vice President and Chief Compliance Officer at Hormel Foods, filed a Form 4 indicating a transaction involving the company's stock.
• On December 7, 2024, Mr. Lilly disposed of 590 shares of Hormel Foods common stock at a price of $32.47 per share.
• Following the transaction, Mr. Lilly directly owns 8,881.921 shares of common stock.
• Mr. Lilly also has indirect ownership of 5,143.674 shares through a 401(k) plan, 1,518.094 shares through a JEPST plan, and 700 shares through a spouse's 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction by an executive, with no inherent positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transaction is typical of executive stock transactions and is similar to filings made by executives at comparable companies such as Tyson Foods and Kraft Heinz.

Stakeholder Impact

• This transaction has a minimal impact on stakeholders as it is a routine executive stock transaction.

Key Dates

Keywords

Hormel Foods, Stock Transaction, Form 4, Insider Trading, Pierre M. Lilly, Executive Compensation, Share Disposition