Hormel (HRL) president John Ghingo awarded RSUs and 201,000 options

Rhea-AI Filing Summary

Hormel Foods president and director John F. Ghingo reported equity awards under the company’s 2026 Equity and Incentive Compensation Plan. On February 2, 2026, he received 32,707 shares of common stock as restricted stock units at no cost, bringing his directly held common stock to 64,000.822 shares. These restricted stock units vest three years after the grant date.

He was also granted stock options on 201,000 shares of common stock with a $24.46 exercise price, granted at no cost. The option award vests in four equal annual installments starting on February 2, 2027 and will expire on February 2, 2036, if not exercised earlier.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ghingo John F

(Last) (First) (Middle)

1 HORMEL PLACE

(Street)

AUSTIN MN 55912

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HORMEL FOODS CORP /DE/ [ HRL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/02/2026		A(1)		32,707	A	$0	64,000.822	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$24.46	02/02/2026		A(2)		201,000		(2)	02/02/2036	Common Stock	201,000	$0	201,000	D

Explanation of Responses:

1. Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests three years after the grant date.

2. Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests in four equal annual installments after the grant date, with the first installment vesting on February 2, 2027.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Benjamin S. Borden, Attorney-In-Fact	02/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What equity awards did John F. Ghingo receive from Hormel Foods (HRL)?

John F. Ghingo received 32,707 restricted stock units of Hormel common stock and 201,000 stock options with a $24.46 exercise price. Both awards were granted at no cost under Hormel’s 2026 Equity and Incentive Compensation Plan.

When do John F. Ghingo’s new Hormel (HRL) restricted stock units vest?

The 32,707 restricted stock units awarded to John F. Ghingo vest three years after the February 2, 2026 grant date. Once vested, they convert into shares of Hormel common stock, increasing his directly owned share position, assuming he continues to satisfy plan conditions.

How do John F. Ghingo’s new Hormel (HRL) stock options vest and when do they expire?

The 201,000 stock options vest in four equal annual installments after the February 2, 2026 grant, with the first vesting on February 2, 2027. These options expire on February 2, 2036, if they are not exercised before that expiration date.

What is John F. Ghingo’s direct Hormel (HRL) common stock ownership after this Form 4?

After the reported restricted stock unit award, John F. Ghingo directly beneficially owns 64,000.822 shares of Hormel common stock. This figure reflects his position following the February 2, 2026 grant reported in the Form 4 filing.

Was there any cash paid for the Hormel (HRL) equity awards to John F. Ghingo?

No cash was paid for the reported awards. Both the 32,707 restricted stock units and the 201,000 stock options were granted at a price of $0, with the stock options carrying a $24.46 exercise price for future potential share purchases.

Under which plan were John F. Ghingo’s Hormel (HRL) awards granted?

Both the restricted stock units and stock options were granted under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. The plan governs vesting schedules and other conditions applying to these long-term incentive awards for executives.