Hormel Foods (HRL) discloses 436,300-share stock option award

Rhea-AI Filing Summary

Hormel Foods Corporation reported an insider equity award for its interim CEO and director. On 01/02/2026, the reporting person received stock options for 436,300 shares of common stock with an exercise price of $23.39 per share under the Hormel Foods Corporation 2018 Incentive Compensation Plan. Following the grant, the insider beneficially owned 436,300 derivative securities, held directly. The options vest in two equal installments, with half vesting on October 25, 2026 and the remaining half on April 25, 2027, aligning compensation with longer-term company performance.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

ETTINGER JEFFREY M

(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)
	Interim CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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

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)	$23.39	01/02/2026		A(1)		436,300		(1)	01/02/2036	Common Stock	436,300	$0	436,300	D

Explanation of Responses:

1. Award of stock options pursuant to the Hormel Foods Corporation 2018 Incentive Compensation Plan. Award vests in two equal installments, with the first installment vesting on October 25, 2026, and the second installment vesting on April 25, 2027.

Remarks:

	/s/ Benjamin S. Borden, Attorney-In-Fact	01/06/2026
	** 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 insider transaction did Hormel Foods (HRL) report in this Form 4?

The filing reports a grant of stock options for 436,300 shares of Hormel Foods common stock to the interim CEO and director on 01/02/2026.

What is the exercise price of the Hormel Foods (HRL) stock options granted?

The stock options were granted with a conversion or exercise price of $23.39 per share of Hormel Foods common stock.

Who received the stock option award reported by Hormel Foods (HRL)?

The reporting person serves as both a director and an officer of Hormel Foods Corporation, with the officer title listed as Interim CEO.

How many derivative securities does the insider own after this Hormel Foods (HRL) transaction?

After the reported grant, the insider beneficially owned 436,300 derivative securities (stock options), held in direct ownership form.

What is the vesting schedule for the Hormel Foods (HRL) stock options?

The options vest in two equal installments, with the first half vesting on October 25, 2026 and the second half vesting on April 25, 2027.

Under which plan were the Hormel Foods (HRL) stock options granted?

The stock options were awarded pursuant to the Hormel Foods Corporation 2018 Incentive Compensation Plan.