Form 4: Hormel SVP Sells Shares for Tax Obligations
Insider Transaction Report
Hormel Foods Senior Vice President Katherine M. Losness-Larson reported the disposition of 672 shares of common stock to cover tax obligations at a price of $24.34 per share.
Summary
- Katherine M. Losness-Larson, Senior Vice President of Hormel Foods Corporation (HRL), reported a transaction involving company common stock.
- On December 6, 2025, 672 shares of common stock were disposed of at a price of $24.34 per share.
- This disposition was coded as 'F', indicating a transaction to the issuer to satisfy tax withholding obligations.
- Following this transaction, Ms. Losness-Larson directly beneficially owns 24,197.564 shares of common stock.
- Indirect beneficial ownership includes 773.813 shares in a JEPST Plan, 1,378.877 shares in a 401(k) Plan, and 1,600 shares in a Spouse IRA.
- The reported direct beneficial ownership includes dividend equivalents paid on restricted stock units that have been reinvested in additional restricted stock units since the date of the reporting person's last filing.
Sentiment
Score: 5
Explanation: The filing is a routine Form 4 reporting an insider's disposition of shares for tax purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
This Form 4 filing is a report of a past transaction and does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This is a routine insider transaction report for tax purposes and does not provide specific insights into broader industry trends or competitive landscape for the food processing sector. Such transactions are common for executives receiving equity compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Katherine M. Losness-Larson granted a Power of Attorney to several individuals, including Jacinth C. Smiley, Colleen R. Batcheler, Paul R. Kuehneman, Florence Makope, Benjamin S. Borden, Susan C. McRaith, and Kelli M. Hill. These attorneys-in-fact are authorized to execute and file SEC reports (Forms 10-K, 10-Q, 8-K, 11-K, 3, 4, 5, 144, Form ID, S-3, S-8) and manage her EDGAR account on her behalf. | 2025-07-30 | This is a standard corporate governance practice to facilitate timely and accurate SEC filings for officers and directors, ensuring compliance with reporting obligations. It streamlines the process for insider transaction reporting and other regulatory disclosures. |
Stakeholder Impact
- Shareholders: Minimal impact, as this is a routine tax-related disposition and not a discretionary sale indicating a change in confidence. The number of shares is small relative to total outstanding shares.
- Employees: No direct impact.
- Customers: No direct impact.
- Suppliers: No direct impact.
- Creditors: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 2025-07-30 | Date of Power of Attorney execution by Katherine M. Losness-Larson. |
| 2025-12-06 | Date of common stock disposition transaction. |
| 2025-12-09 | Date the Form 4 was signed by attorney-in-fact. |
Keywords
Hormel Foods, HRL, Insider Transaction, Form 4, Stock Disposition, Executive Compensation, Tax Withholding
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