Hormel Foods: Ettinger has 15,094 shares withheld

Hormel Foods director Jeffrey M. Ettinger reported 15,094 shares withheld at $21.06 per share on October 25, 2026, to satisfy tax withholding on vesting of a previously reported restricted stock unit award.

Rhea-AI Filing Summary

Hormel Foods director Jeffrey M. Ettinger reported 15,094 shares withheld at $21.06 per share on October 25, 2026, to satisfy tax withholding on vesting of a previously reported restricted stock unit award. His direct common-stock holdings afterward were 57,230 shares, including dividend equivalents reinvested in additional restricted stock units. He also reported indirect holdings of 422,106 shares in a Revocable Trust, 724,037 in his spouse's Revocable Trust, 388 in his spouse's Account, and 2,936 in each of four Child's Trusts.

Insider Trade Summary

Tax Withholding: 15,094 shares

Tax Withholding 8 txns

Insider ETTINGER JEFFREY M

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	15,094	$21.06	$318K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 57,230.4614 shares (Direct); Common Stock — 422,106 shares (Indirect, Revocable Trust); Common Stock — 724,037.1309 shares (Indirect, Spouse's Revocable Trust); Common Stock — 387.6861 shares (Indirect, Spouse's Account); Common Stock — 2,936 shares (Indirect, Child's Trust 1); Common Stock — 2,936 shares (Indirect, Child's Trust 2); Common Stock — 2,936 shares (Indirect, Child's Trust 3); Common Stock — 2,936 shares (Indirect, Child's Trust 4)

Footnotes (2)

1. F1. Withholding of stock to satisfy tax withholding obligation on vesting of an award of restricted stock units that was previously reported by the Reporting Person.
2. F2. Includes dividend equivalents paid on restricted stock units since the date of the Reporting Person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units.

Key Figures

Shares withheld: 15,094 shares Reported price per share: $21.06 per share Direct common stock following transaction: 57,230 shares +4 more

7 metrics

Shares withheld 15,094 shares Tax withholding on October 25, 2026

Reported price per share $21.06 per share October 25, 2026 withholding

Direct common stock following transaction 57,230 shares After the October 25, 2026 withholding; includes reinvested dividend equivalents

Revocable Trust holding 422,106 shares Indirect holding reported October 25, 2026

Spouse's Revocable Trust holding 724,037 shares Indirect holding reported October 25, 2026

Spouse's Account holding 388 shares Indirect holding reported October 25, 2026

Each Child's Trust holding 2,936 shares Each of four indirect holdings reported October 25, 2026

Key Terms

restricted stock units, dividend equivalents, tax withholding obligation

3 terms

restricted stock units financial

"vesting of an award of restricted stock units"

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.

dividend equivalents financial

"Includes dividend equivalents paid on restricted stock units"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

tax withholding obligation financial

"to satisfy tax withholding obligation"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many HRL shares did Jeffrey M. Ettinger have withheld?

Jeffrey M. Ettinger reported 15,094 shares withheld at $21.06 per share on October 25, 2026, to satisfy the tax withholding obligation arising from vesting of a previously reported restricted stock unit award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/27/2026 - 04:26 PM EDT Accepted by SEC EDGAR 10/27/2026 - 04:26 PM EDT Learn about SEC filing dates

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 MINNESOTA 55912

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	10/25/2026		F(1)		15,094	D	$21.06	57,230.4614(2)	D
Common Stock								422,106	I	Revocable Trust
Common Stock								724,037.1309	I	Spouse's Revocable Trust
Common Stock								387.6861	I	Spouse's Account
Common Stock								2,936	I	Child's Trust 1
Common Stock								2,936	I	Child's Trust 2
Common Stock								2,936	I	Child's Trust 3
Common Stock								2,936	I	Child's Trust 4

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. Withholding of stock to satisfy tax withholding obligation on vesting of an award of restricted stock units that was previously reported by the Reporting Person.

2. Includes dividend equivalents paid on restricted stock units since the date of the Reporting Person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Benjamin S. Borden, Attorney-In-Fact	10/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)