Hormel (HRL) director Elsa A. Murano receives 6,541 restricted shares

Rhea-AI Filing Summary

Hormel Foods Corporation director Elsa A. Murano received an equity award of 6,541 shares of common stock on February 2, 2026. The shares were granted at $0 under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan.

These are restricted shares for a non-employee director, and the restriction period lasts until the date of the company’s next annual meeting of stockholders. Following this grant, Murano beneficially owns 88,629 shares of Hormel Foods common stock in direct ownership.

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^*

Murano Elsa A

(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
	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	88,629	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:

	/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.
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FAQ

What insider transaction did Hormel Foods (HRL) report for Elsa A. Murano?

Hormel Foods reported that director Elsa A. Murano received an award of 6,541 restricted shares of common stock. The grant was made under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan as compensation for her role as a non-employee director.

When were the 6,541 restricted Hormel (HRL) shares granted to Elsa A. Murano?

The 6,541 restricted shares of Hormel Foods common stock were granted to director Elsa A. Murano on February 2, 2026. This grant is documented as a Form 4 transaction with code A, indicating an acquisition rather than an open-market purchase or sale.

Under which plan were Elsa A. Murano’s Hormel (HRL) restricted shares awarded?

Elsa A. Murano’s restricted shares were awarded under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. This plan provides equity-based compensation to eligible participants, and in this case, it granted restricted common stock to a non-employee director as part of board compensation.

When do Elsa A. Murano’s restricted Hormel (HRL) shares become unrestricted?

The restricted shares awarded to Elsa A. Murano remain subject to a restricted period until Hormel Foods’ next annual meeting of stockholders. On that meeting date, the restriction period expires, and the shares are expected to vest, assuming continued service and plan terms.

How many Hormel (HRL) shares does Elsa A. Murano own after this Form 4 transaction?

After receiving the 6,541 restricted shares, Elsa A. Murano beneficially owns 88,629 shares of Hormel Foods common stock. The filing reports this ownership as direct, meaning the shares are held in her name rather than through an intermediate entity or indirect structure.

Was cash involved in Elsa A. Murano’s Hormel (HRL) restricted share award?

No cash consideration was involved in this restricted share award to Elsa A. Murano. The Form 4 shows a transaction price per share of $0.0000, reflecting that the shares were granted as equity compensation under the company’s 2026 Equity and Incentive Compensation Plan.