Hormel (HRL) chairman William Newlands granted 6,541 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hormel Foods Corporation director William A. Newlands, who serves as Chairman of the Board, received an award of 6,541 shares of common stock on February 2, 2026. These are restricted shares granted under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan.
The restricted shares are subject to a holding period that lasts until the company’s next annual meeting of stockholders. After this grant, Newlands beneficially owns 51,216.71 common shares, a figure that includes phantom stock units credited from dividend equivalents under a deferred stock subplan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Newlands William A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,541 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 51,216.71 shares (Direct)
Footnotes (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. Includes phantom stock units received by the Reporting Person upon conversion of dividend equivalents under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan since the date of the Reporting Person's last filing through the date of the reported transaction.
FAQ
What insider transaction did HRL director William A. Newlands report?
William A. Newlands reported receiving 6,541 shares of Hormel Foods common stock. The award was made as restricted stock under the company’s 2026 Equity and Incentive Compensation Plan and reflects his role as a non-employee director and Chairman of the Board.
What are phantom stock units referenced in William A. Newlands’ Hormel (HRL) filing?
Phantom stock units in this context are bookkeeping entries tied to Hormel stock. Newlands’ total includes units received from dividend equivalents under the Nonemployee Director Deferred Stock Subplan, which track the value of shares rather than representing currently issued common stock.