Hormel Foods (HRL) director granted 6,541 restricted shares in 2026 plan

Rhea-AI Filing Summary

Hormel Foods Corporation director equity grant: Non-employee director Stephen M. Lacy received an award of 6,541 shares of Hormel Foods common stock on 02/02/2026 under the company’s 2026 Equity and Incentive Compensation Plan. The grant is in the form of restricted shares that will remain subject to restrictions until the date of the issuer’s next annual meeting of stockholders. Following this award, Lacy beneficially owns 94,011 shares of Hormel Foods common stock directly.

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^*

LACY STEPHEN M

(Last) (First) (Middle)

1 HORMEL PLACE

(Street)

AUSTIN MI 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
	Officer (give title below)		Other (specify below)

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)		6,541	A	$0	94,011	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

Explanation of Responses:

1. Award of restricted shares to non-employee director pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. The restricted shares are subject to a restricted period, which expires upon the date of the Issuer's next annual meeting of stockholders.

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 insider transaction did Hormel Foods (HRL) disclose for Stephen M. Lacy?

Hormel Foods disclosed that director Stephen M. Lacy received 6,541 restricted shares of common stock. The award was granted under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan as part of his compensation as a non-employee director.

How many Hormel Foods (HRL) shares does Stephen M. Lacy own after this award?

After the restricted stock award, Stephen M. Lacy beneficially owns 94,011 shares of Hormel Foods common stock. This figure reflects his direct holdings following the 6,541-share grant reported in the latest insider ownership disclosure.

What are the vesting terms of Stephen M. Lacy’s restricted Hormel Foods (HRL) shares?

The restricted shares granted to Stephen M. Lacy are subject to a restricted period that expires on the date of Hormel Foods’ next annual meeting of stockholders. Until then, the shares remain subject to plan restrictions described in the award.

Was cash paid for Stephen M. Lacy’s Hormel Foods (HRL) restricted share grant?

No cash was paid by Stephen M. Lacy for this award; the transaction price per share is reported as $0. The grant represents equity-based compensation issued under Hormel Foods’ 2026 Equity and Incentive Compensation Plan.

Is Stephen M. Lacy an officer or a director of Hormel Foods (HRL)?

Stephen M. Lacy is reported as a director of Hormel Foods and a non-employee director for compensation purposes. He is not listed as an officer and is not identified as a 10% beneficial owner in the disclosed information.

What compensation plan was used for Stephen M. Lacy’s Hormel Foods (HRL) stock award?

The award of 6,541 restricted shares to Stephen M. Lacy was made under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. This plan governs equity and incentive compensation for eligible participants, including non-employee directors.