Hormel Foods (NYSE: HRL) files Form 144 for 13,400-share stock sale
Rhea-AI Filing Summary
An insider of Hormel Foods (HRL) filed a notice of proposed sale of 13,400 common shares, to be sold through Morgan Stanley Smith Barney LLC on the NYSE. The filing lists an aggregate market value of $321,600 for these shares and notes that the issuer has 550,107,295 shares of common stock outstanding, showing the sale is small relative to the total.
The shares to be sold were acquired over time through equity compensation: 5,563 shares from an option exercise on 01/08/2019, 6,723 shares from an option exercise on 01/10/2020, and 1,114 shares of restricted stock dated 01/28/2025. The approximate sale date indicated is 12/11/2025. By signing the notice, the seller represents they are not aware of material adverse, nonpublic information about the company.
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FAQ
What does the Form 144 filing for HRL disclose?
The Form 144 discloses that an insider of Hormel Foods (HRL) plans to sell 13,400 shares of common stock, with an indicated aggregate market value of $321,600, through a broker on the NYSE.
How many Hormel Foods (HRL) shares are planned to be sold and through which broker?
The notice states that 13,400 common shares are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services, with trading on the NYSE.
When were the HRL shares in this Form 144 acquired?
The filing shows three acquisitions: 5,563 shares from an option exercise on 01/08/2019, 6,723 shares from an option exercise on 01/10/2020, and 1,114 shares as restricted stock dated 01/28/2025.
What is the approximate sale date for the HRL shares in this notice?
The notice lists an approximate sale date of 12/11/2025 for the proposed sale of the 13,400 Hormel Foods common shares on the NYSE.
How many Hormel Foods (HRL) shares are outstanding according to this Form 144?
The Form 144 indicates that there are 550,107,295 common shares of Hormel Foods outstanding, providing context for the size of the proposed 13,400-share sale.
What representation does the selling holder make in the HRL Form 144?
By signing, the seller represents that they do not know any material adverse information about Hormel Foods’ current or prospective operations that has not been publicly disclosed, and is reminded that intentional misstatements or omissions can be federal criminal violations.