Hormel Foods (HRL) executive receives RSU and 38,100 stock option grant
Rhea-AI Filing Summary
Hormel Foods Corporation reported new equity awards to a senior executive. A Group Vice President received 5,925 shares of common stock on December 9, 2025 at a price of $0, described as restricted stock units granted under the Hormel Foods Corporation 2018 Incentive Compensation Plan. These units vest three years after the grant date.
After this grant, the executive beneficially owns 23,217.656 shares of common stock directly and 4,261.331 shares indirectly through a JEPST Plan. The filing also reports an award of 38,100 stock options with an exercise price of $23.63 per share, exercisable until December 9, 2035. The options vest in four equal annual installments after the grant date, with the first installment vesting on December 9, 2026, and the executive holds 38,100 derivative securities following the transaction.
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FAQ
What did Hormel Foods (HRL) disclose in this Form 4 filing?
Hormel Foods Corporation disclosed that a Group Vice President received awards of restricted stock units and stock options under the Hormel Foods Corporation 2018 Incentive Compensation Plan on December 9, 2025.
How many restricted stock units did the Hormel Foods executive receive?
The executive received 5,925 restricted stock units of Hormel Foods common stock at a price of $0 per share, granted on December 9, 2025.
What are the vesting terms for the restricted stock units at Hormel Foods (HRL)?
The 5,925 restricted stock units granted under the 2018 Incentive Compensation Plan vest three years after the grant date of December 9, 2025.
How many stock options were granted and at what exercise price?
The executive was granted 38,100 stock options (right to buy) Hormel Foods common stock with an exercise price of $23.63 per share, expiring on December 9, 2035.
What are the vesting terms for the Hormel Foods stock options granted in this filing?
The 38,100 stock options vest in four equal annual installments after the grant date, with the first installment vesting on December 9, 2026.
How many Hormel Foods shares does the executive beneficially own after these grants?
Following the reported transactions, the executive beneficially owns 23,217.656 Hormel Foods common shares directly, 4,261.331 shares indirectly through a JEPST Plan, and 38,100 derivative securities in the form of stock options.