Form 4: Hormel Foods Officer Files Future Stock Disposition
Insider Transaction Report
Hormel Foods Group Vice President David F. Weber filed a Form 4 detailing a future disposition of 538 common shares on December 6, 2025, for tax withholding.
Summary
- David F. Weber, Group Vice President of Hormel Foods Corp, filed a Form 4 reporting a future disposition of 538 shares of common stock scheduled for December 6, 2025.
- The shares are to be disposed of at a price of $24.34 per share.
- This transaction is for satisfying tax withholding obligations, indicated by transaction code 'F', and was made pursuant to a pre-planned Rule 10b5-1(c) plan.
- Following this future transaction, Weber will directly own 17,292.656 shares and indirectly own 4,261.331 shares through a JEPST Plan.
- The reported beneficial ownership includes dividend equivalents reinvested in restricted stock units since the last filing.
Sentiment
Score: 5
Explanation: The filing reports a routine disposition of shares for tax withholding purposes by an officer, which is a neutral event and part of standard equity compensation practices. The transaction is pre-planned under Rule 10b5-1.
Positives
- The transaction is part of a pre-planned Rule 10b5-1(c) plan, indicating structured and compliant trading.
- The disposition is for tax withholding, a routine and expected event for equity compensation.
Negatives
- A disposition of shares, even for tax purposes, reduces the officer's direct ownership in the company.
Future Outlook
No specific forward-looking statements or guidance are provided in this filing beyond the scheduled transaction date.
Industry Context
This filing reports a routine insider transaction by an officer of Hormel Foods, which is specific to the individual's equity compensation and compliance, rather than reflecting broader industry trends or competitive positioning.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-Fact for David F. Weber | NA | Jacinth C. Smiley, Colleen R. Batcheler, Paul R. Kuehneman, Florence Makope, Benjamin S. Borden, Susan C. McRaith, Kelli M. Hill | July 30, 2025 | Delegation of authority for SEC filings to streamline compliance. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | David F. Weber granted power of attorney to several individuals to execute and file various SEC reports (Forms 3, 4, 5, 10-K, 10-Q, 8-K, 11-K, 144, S-3, S-8) and manage his EDGAR account. | July 30, 2025 | Streamlines the process for the officer to comply with SEC reporting requirements by delegating administrative tasks to designated attorneys-in-fact, enhancing administrative efficiency for corporate governance. |
Related Party Transactions
- The disposition of shares to the issuer to satisfy tax withholding obligations is a common related-party transaction involving an officer's equity compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a small, routine disposition for tax purposes by an individual officer, not indicative of broader company performance or strategy.
Key Dates
| Date | Description |
|---|---|
| July 30, 2025 | Date of Power of Attorney execution by David F. Weber. |
| December 6, 2025 | Date of reported transaction (disposition of common stock). |
| December 9, 2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Hormel Foods, HRL, Form 4, Insider Trading, Stock Disposition, Tax Withholding, David F. Weber, Rule 10b5-1, Common Stock, Officer Transaction
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