Form 4: Hormel Foods Executive Vice President Deanna T. Brady Reports Stock Option Exercise and Sale
SEC Form 4 Filing
Executive Vice President Deanna T. Brady reports exercising stock options and selling shares of Hormel Foods stock on September 13, 2024.
Summary
- Deanna T. Brady, an Executive Vice President at Hormel Foods, reported exercising stock options for 51,600 shares of common stock on September 13, 2024, at an exercise price of $26.38 per share.
- On the same day, Brady sold 51,600 shares of Hormel Foods common stock at a weighted average price of $31.955 per share, with prices ranging from $31.875 to $32.07.
- Following these transactions, Brady directly owns 72,421.43 shares of Hormel Foods common stock.
- Brady also indirectly owns 10,474.461 shares through a 401(k) plan and 4,556.656 shares through a JEPST plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the volume of shares traded daily.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | First vesting date of the stock options in four equal annual installments |
| 09/13/2024 | Date of stock option exercise and share sale |
| 12/02/2024 | Expiration date of the stock options |
| 09/17/2024 | Date of Form 4 signature |
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