Hormel Foods (NYSE: HRL) grants RSUs and 23,200 stock options to senior VP
Rhea-AI Filing Summary
Hormel Foods Corporation reported an equity compensation grant to a senior vice president. On 12/09/2025, the officer received 3,598 shares of common stock as a restricted stock unit award under the Hormel Foods Corporation 2018 Incentive Compensation Plan. The award will vest three years after the grant date.
The officer was also granted stock options covering 23,200 shares of common stock at an exercise price of $23.63 per share, also under the 2018 plan. These options vest in four equal annual installments after the grant date, with the first installment vesting on December 9, 2026, and expire on 12/09/2035. Following these transactions, the officer beneficially owned 12,590.696 shares of common stock directly and 23,200 stock options directly.
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FAQ
What insider transaction did Hormel Foods (HRL) disclose in this Form 4?
A senior vice president of Hormel Foods Corporation reported receiving a grant of restricted stock units and a grant of stock options under the company’s 2018 Incentive Compensation Plan.
How many restricted stock units were granted to the Hormel Foods (HRL) executive?
The executive received 3,598 shares of common stock as a restricted stock unit award, which was reported as acquired at a price of $0 per share.
What stock option grant did the Hormel Foods (HRL) executive report?
The executive was granted 23,200 stock options with an exercise price of $23.63 per share, each option representing the right to buy one share of Hormel Foods common stock.
What are the vesting terms of the Hormel Foods (HRL) restricted stock units and options?
The restricted stock units vest three years after the 12/09/2025 grant date. The stock options vest in four equal annual installments after the grant date, with the first installment vesting on December 9, 2026.
When do the Hormel Foods (HRL) stock options granted to the executive expire?
The stock options granted to the executive expire on 12/09/2035, as reported in the derivative securities table.
How many Hormel Foods (HRL) shares and options does the executive own after these grants?
After the reported transactions, the executive beneficially owned 12,590.696 shares of Hormel Foods common stock directly and 23,200 stock options directly.