Hormel Foods grants RSUs and options to GVP
Hormel Foods executive William W. Bonifant, GVP and Chief Supply Chain Officer, reported equity awards as part of compensation.
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Form Type
4
Rhea-AI Filing Summary
Hormel Foods executive William W. Bonifant, GVP and Chief Supply Chain Officer, reported equity awards as part of compensation. He received 5,734 restricted stock units that vest three years after the June 9, 2026 grant date. He also received stock options for 34,900 shares of common stock at an exercise price of $23.98 per share, expiring on June 9, 2036 and vesting in four equal annual installments starting on June 9, 2027. Following these awards, he directly holds 17,953.9235 shares of Hormel Foods common stock.
Insider Trade Summary
Grant/Award: 40,634 shares
Grant/Award
2 txns
Insider
Bonifant William W.
Role
GVP, Chief Supply Chain Ofc.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 34,900 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 5,734 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 34,900 contracts (Direct);
Common Stock — 17,953.9235 shares (Direct)
Footnotes (2)
- F1. Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests three years after the grant date.
- F2. Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests in four equal annual installments after the grant date, with the first installment vesting on June 9, 2027.
Key Figures
Restricted stock units granted: 5,734 units
Stock options granted: 34,900 options
Option exercise price: $23.98 per share
+2 more
5 metrics
Restricted stock units granted
5,734 units
Award to William W. Bonifant on June 9, 2026; vests after three years
Stock options granted
34,900 options
Award to William W. Bonifant on June 9, 2026 under 2026 plan
Option exercise price
$23.98 per share
Exercise price for 34,900 stock options granted to Bonifant
Option expiration date
June 9, 2036
Expiration for stock options awarded to Bonifant
Common shares held after grant
17,953.9235 shares
Direct Hormel Foods common stock holdings after reported awards
Key Terms
restricted stock units, Equity and Incentive Compensation Plan, stock options, exercise price
4 terms
restricted stock units financial
"Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity and Incentive Compensation Plan financial
"pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."
stock options financial
"Award of stock options pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
"conversion_or_exercise_price: "23.9800" for the stock options grant."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Hormel Foods (HRL) report for William W. Bonifant?
Hormel Foods reported that William W. Bonifant received equity awards, not open-market trades. He was granted 5,734 restricted stock units and 34,900 stock options as compensation, increasing his direct holdings to 17,953.9235 common shares plus the new option position.
How many restricted stock units did Hormel Foods (HRL) grant to William W. Bonifant?
William W. Bonifant received 5,734 restricted stock units from Hormel Foods. These units were granted under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan and will vest in a single installment three years after the June 9, 2026 grant date.
What are the terms of William W. Bonifant’s stock options from Hormel Foods (HRL)?
Bonifant was granted stock options covering 34,900 shares of Hormel Foods common stock at an exercise price of $23.98 per share. The options vest in four equal annual installments beginning on June 9, 2027 and expire on June 9, 2036, if not exercised earlier.
Are William W. Bonifant’s Hormel Foods (HRL) equity awards part of a compensation plan?
Yes. Both the 5,734 restricted stock units and the 34,900 stock options granted to William W. Bonifant were awarded under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan, which governs equity and incentive compensation for eligible company personnel.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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