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  4. [144] HORMEL FOODS CORP /DE/ SEC Filing

Hormel Foods (NYSE: HRL) lists multiple restricted stock lots for potential resale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Hormel Foods Corp. filed a Form 144 notice indicating proposed sales of Common Stock that were originally acquired as Restricted Stock Awards.

The filing lists multiple award lots by grant date and share count, including 3,396 shares and 2,484 shares as representative examples. The excerpt lists prior award dates and share quantities for sale; timing and aggregate proceeds are not stated.

Positive

  • None.

Negative

  • None.

Insights

Form 144 notifies intent to resell restricted shares under applicable resale rules.

Section 144 notices typically report an intent to sell restricted or control securities after applicable holding periods. This filing lists multiple restricted stock award lots with grant dates and quantities; it serves as a regulatory notice rather than evidence of completed trades.

Cash‑flow treatment and aggregate offering size are not disclosed in the excerpt; subsequent sale filings or broker reports would show execution details.

Multiple compensation-originated awards are identified as the source of the shares being offered.

The filing repeatedly labels the lots as "Acquired as compensation -- Restricted Stock Awards" with grant dates ranging from 01/25/2016 to 01/31/2023 and specific share counts per lot. That pattern is consistent with resale of vested compensation awards.

Investor relevance depends on whether listed lots are sold and for what proceeds; the excerpt does not disclose execution timing or prices.

Representative lot 3,396 shares granted 01/31/2023, listed as acquired as compensation
Representative lot 2,484 shares granted 01/29/2019, listed as acquired as compensation
Representative lot 2,211 shares granted 01/29/2019, listed as acquired as compensation
Representative lot 1,077 shares granted 01/26/2021, listed as acquired as compensation
Restricted Stock Awards financial
"Acquired as compensation -- Restricted Stock Awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Securities To Be Sold regulatory
"144: Securities To Be Sold"
Form 144 regulatory
"form_type: "144""
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
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FAQ

What does Hormel Foods' (HRL) Form 144 filing mean?
It notifies the SEC of an intent to sell restricted or control securities; the filing lists award lots by grant date and quantity. The notice itself does not report completed sales, prices, or aggregate proceeds; execution details appear in later sale reports.

How many shares are listed for potential sale in HRL's excerpt?
The excerpt lists multiple award lots with individual share counts, for example 3,396 and 2,484. The filing lists many discrete lots but does not state an aggregate number or total proceeds.

Are the shares in HRL's Form 144 from compensation or purchases?
The shares are identified as "Acquired as compensation -- Restricted Stock Awards." Each row includes a grant date and a share count showing the awards as the source of the securities proposed for resale.

Does Form 144 mean the shares have already been sold?
No. Form 144 is a notice of intent to sell under resale rules. The excerpt does not show completed transactions, sale prices, or dates of sale; execution would be reported separately if and when sales occur.

Will Hormel receive proceeds from these sales listed in the HRL filing?
The excerpt identifies holders and award lots but does not state who will receive proceeds. Form 144 notices commonly reflect sales by holders rather than company-issued primary offerings; the filing does not specify proceeds treatment.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR