Form 4: Hormel Foods VP Weber Receives Equity Awards

Hormel Foods Group Vice President David F. Weber was granted 5,925 restricted stock units and 38,100 stock options on December 9, 2025, under the company's incentive plan.

Summary

• David F. Weber, Group Vice President of Hormel Foods Corp (HRL), reported transactions on December 9, 2025.
• Acquired 5,925 shares of Common Stock as restricted stock units (RSUs) at a price of $0. These RSUs vest three years after the grant date under the 2018 Incentive Compensation Plan.
• Acquired 38,100 stock options with an exercise price of $23.63. These options vest in four equal annual installments, with the first installment on December 9, 2026, and expire on December 9, 2035. These were also granted under the 2018 Incentive Compensation Plan.
• Following these transactions, Weber directly beneficially owns 23,217.656 shares of Common Stock and 38,100 stock options.
• Indirect beneficial ownership of Common Stock is 4,261.331 shares through a JEPST Plan.

Sentiment

Score: 5

Explanation: This is a routine disclosure of executive compensation awards, which is neither inherently positive nor negative for the company's immediate operational or financial performance. It reflects standard corporate governance and incentive practices.

Positives

• Grant of equity awards (restricted stock units and stock options) to a key executive, aligning management's interests with shareholder value creation.
• The awards are part of an established incentive compensation plan (Hormel Foods Corporation 2018 Incentive Compensation Plan), indicating structured executive remuneration.

Future Outlook

Restricted stock units are scheduled to vest three years after the grant date. Stock options will vest in four equal annual installments, with the first installment on December 9, 2026, and expire on December 9, 2035.

Industry Context

The grant of restricted stock units and stock options is a common practice in executive compensation across various industries, including the food industry, to incentivize long-term performance and align executive interests with shareholder returns.

Comparison to Industry Standards

• Equity-based compensation, such as restricted stock units and stock options, is a standard component of executive pay packages in publicly traded companies like Hormel Foods, comparable to practices at companies such as Tyson Foods, Conagra Brands, or General Mills.

Corporate Governance

Related Party Transactions

• The transactions involve an executive and the company, which are considered related parties, but these are standard compensation awards under an approved plan.

Stakeholder Impact

• Shareholders: The awards align the executive's long-term interests with shareholder value creation, as the value of the awards is tied to the company's stock performance.

Next Steps

• Vesting of 5,925 restricted stock units three years after the grant date.
• Vesting of 38,100 stock options in four equal annual installments, starting December 9, 2026.

Key Dates

Keywords

HORMEL FOODS, HRL, SEC Form 4, Insider Transaction, Executive Compensation, Stock Options, Restricted Stock Units