Form 4: Hormel Foods Senior Vice President Reports Stock Transaction

Kevin L. Myers, a Senior Vice President at Hormel Foods, reported a disposition of 1,378 shares of common stock on December 7, 2024.

Summary

• Kevin L. Myers, a Senior Vice President at Hormel Foods, filed a Form 4 indicating a transaction involving the company's common stock.
• On December 7, 2024, Mr. Myers disposed of 1,378 shares of Hormel Foods common stock at a price of $32.47 per share.
• Following the transaction, Mr. Myers directly owns 39,379.035 shares of common stock.
• He also indirectly owns 5,224.25 shares through a 401(k) plan and 2,783.278 shares through a JEPST plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reflecting a routine stock transaction by a company executive. It does not indicate any positive or negative sentiment.

Industry Context

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

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
• Similar filings are made by executives at companies like Tyson Foods (TSN) and Kraft Heinz (KHC) when they engage in transactions involving their company's stock.
• The reporting requirements ensure transparency and prevent insider trading, aligning with global benchmarks for corporate governance.

Stakeholder Impact

• This transaction provides transparency to shareholders regarding insider trading activity.
• The transaction has a minimal impact on the company's operations or financial position.

Key Dates

Keywords

Hormel Foods, stock transaction, Form 4, insider trading, equity securities, beneficial ownership, Kevin L. Myers