4/A: Hormel Foods Executive Steven J. Lykken Reports Changes in Beneficial Ownership
SEC Form 4/A Filing
Group Vice President Steven J. Lykken of Hormel Foods Corp. reported changes in his beneficial ownership of company stock, including acquisitions and disposals.
Summary
- Steven J. Lykken, a Group Vice President at Hormel Foods Corp., filed a Form 4/A to report changes in his beneficial ownership of the company's stock.
- The report includes transactions from December 6th and 7th, 2024.
- On December 6th, 2024, Lykken acquired 4,904.403 shares of common stock at a price of $32.47 per share through the JEPST Plan.
- On December 7th, 2024, 943 shares of common stock were disposed of at a price of $32.47 per share.
- Following these transactions, Lykken directly owns 29,758.656 shares and indirectly owns 7,100.041 shares through the JEPST Plan and 51.671 shares through the 401(k) Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would indicate positive or negative sentiment. It is a neutral report of transactions.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company executive, which is a common practice in 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 US, as mandated by the SEC.
- The transactions reported are typical for executives who participate in company stock plans and may periodically adjust their holdings.
- The reported transactions are similar to those of other executives at comparable companies who also participate in stock plans and have to report changes in ownership.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding the trading activities of company executives.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/06/2024 | Date of acquisition of 4,904.403 shares of common stock. |
| 12/07/2024 | Date of disposal of 943 shares of common stock. |
| 12/10/2024 | Original filing date of the Form 4 which this is an amendment to. |
| 12/11/2024 | Date of signature of the amended Form 4/A. |
Keywords
Hormel Foods, stock ownership, beneficial ownership, Form 4, insider trading, executive compensation, JEPST Plan, 401(k) Plan
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