Hormel Foods (HRL) reports new equity awards for senior vice president
Rhea-AI Filing Summary
Hormel Foods Corporation reported that a senior vice president received new equity awards as part of the company’s 2018 Incentive Compensation Plan. On 12/09/2025, the executive acquired 21,160 shares of common stock at a price of $0, bringing direct beneficial ownership to 49,602.846 shares after the transaction. The filing describes this as an award of restricted stock units that will vest three years after the grant date.
The executive was also granted stock options giving the right to buy 136,200 shares of Hormel Foods common stock at an exercise price of $23.63 per share, expiring on 12/09/2035. These options were granted at no cost and will vest in four equal annual installments after the grant date, with the first installment vesting on December 9, 2026.
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FAQ
What equity awards did the Hormel Foods (HRL) executive report on this Form 4?
The senior vice president of Hormel Foods Corporation reported receiving 21,160 shares of common stock through a restricted stock unit award and 136,200 stock options, all granted on 12/09/2025 under the company’s 2018 Incentive Compensation Plan.
How many Hormel Foods (HRL) shares does the executive beneficially own after the reported transaction?
After the 12/09/2025 restricted stock unit award, the executive beneficially owns 49,602.846 shares of Hormel Foods common stock directly.
What are the key terms of the stock options reported by the Hormel Foods (HRL) executive?
The executive received 136,200 stock options with an exercise price of $23.63 per share, expiring on 12/09/2035. The options were granted at a price of $0 and relate to 136,200 shares of Hormel Foods common stock.
When do the restricted stock units and stock options for the Hormel Foods (HRL) executive vest?
The restricted stock units vest three years after the grant date. The stock options vest in four equal annual installments after the grant date, with the first installment vesting on December 9, 2026.
What is the position of the reporting person at Hormel Foods (HRL)?
The reporting person is an officer of Hormel Foods Corporation and serves as a Senior Vice President.
Are the reported Hormel Foods (HRL) equity awards part of a specific company plan?
Yes. Both the restricted stock units and the stock options were granted under the Hormel Foods Corporation 2018 Incentive Compensation Plan, as stated in the explanation of responses.