Hormel Foods (HRL) director granted 6,541 restricted shares and holds 78K+

Rhea-AI Filing Summary

Hormel Foods Corporation director Gary C. Bhojwani reported an award of 6,541 shares of common stock on February 2, 2026. The shares were granted as restricted stock under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan for non-employee directors.

The restricted shares are subject to a holding period that lasts until the company’s next annual meeting of stockholders. Following this grant, Bhojwani beneficially owns 74,505.5 shares of common stock directly, which includes phantom stock units accumulated from dividend equivalents, and 4,328 shares indirectly through an entity identified as GRAT 4.

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

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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^*

Bhojwani Gary C.

(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	74,505.5(2)	D
Common Stock								4,328	I	GRAT 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. 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.

2. 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.

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 HRL director Gary C. Bhojwani report?

Director Gary C. Bhojwani reported receiving 6,541 shares of Hormel Foods (HRL) common stock. These were granted as restricted shares under the company’s 2026 Equity and Incentive Compensation Plan for non-employee directors on February 2, 2026, at a price of $0 per share.

What are the terms of Gary C. Bhojwani’s restricted stock award at Hormel Foods (HRL)?

The 6,541 restricted shares awarded to Gary C. Bhojwani are subject to a restricted period. That restriction lasts until the date of Hormel Foods Corporation’s next annual meeting of stockholders, after which the restriction on these shares is scheduled to expire.

How many Hormel Foods (HRL) shares does Gary C. Bhojwani beneficially own after this transaction?

After the restricted stock award, Gary C. Bhojwani beneficially owns 74,505.5 shares of Hormel Foods common stock directly. He also has indirect beneficial ownership of 4,328 shares held through an entity identified as GRAT 4, according to the reported holdings.

What are the phantom stock units mentioned in Gary C. Bhojwani’s Hormel Foods (HRL) filing?

The filing notes that his direct holdings include phantom stock units. These units were received upon conversion of dividend equivalents under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan since his last filing, adding to his beneficially owned common stock position.

Was cash paid for the restricted shares granted to Hormel Foods (HRL) director Gary C. Bhojwani?

No cash was paid for the award. The 6,541 restricted shares of Hormel Foods common stock were granted at a reported price of $0 per share as part of the company’s equity and incentive compensation for non-employee directors.

How are some of Gary C. Bhojwani’s Hormel Foods (HRL) shares held indirectly?

The filing shows 4,328 shares of Hormel Foods common stock held indirectly. These are attributed to an entity described as GRAT 4, indicating a grantor retained annuity trust structure for a portion of his beneficial ownership.