Form 4: Hormel Foods Executive VP & CFO, Jacinth C. Smiley, Reports Changes in Beneficial Ownership

Jacinth C. Smiley, Executive VP & CFO of Hormel Foods, reports a disposition of 6,822 shares of common stock on June 1, 2024, to cover tax obligations.

Summary

• On June 4, 2024, Jacinth C. Smiley, Executive VP & CFO of Hormel Foods, filed a Form 4 with the SEC.
• The report details a transaction on June 1, 2024, where 6,822 shares of Hormel Foods common stock were disposed of at a price of $30.98 per share.
• This transaction was to cover tax obligations.
• Following the transaction, Smiley directly owns 50,830.536 shares of Hormel Foods common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a transaction by a key executive, which is typical for covering tax obligations related to stock-based compensation.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates