Hormel Foods director acquires 3,028 stock units
The deferred units are payable after director service ends, with immediate lump-sum payment if separation occurs within six months following a change in control.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Hormel Foods director Steven Andrew White acquired 3,027.83 phantom stock units on September 30, 2026, reported at $19.94 per share; each unit is equivalent to one common share. His reported direct holdings after the transaction were 46,613 shares, including phantom stock units. He also reported 52,532 indirectly held shares in his spouse’s irrevocable trust.
Insider Trade Summary
Grant/Award: 3,027.83 shares
Grant/Award
2 txns
Insider
White Steven Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 3,027.83 | $19.94 | $60K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 46,612.791 shares (Direct);
Common Stock — 52,532 shares (Indirect, Spouse's Irrevocable Trust)
Footnotes (2)
- F1. Represents phantom stock units for deferrals under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan (the "2026 Equity and Incentive Compensation Plan"). Each phantom stock unit is the equivalent of one share of common stock. The phantom stock units become payable in shares of common stock in one lump sum, or in up to ten annual installments, at the election of the Reporting Person, on February 15 of the year following termination of service as a director, or such later date as is elected by the Reporting Person. In addition, the phantom stock units become payable in shares of common stock in one lump sum immediately upon a director's separation from service within six months following a change in control (as defined in the 2026 Equity and Incentive Compensation Plan).
- F2. 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.
Key Figures
Phantom stock units acquired: 3,027.83 units
Reported value per share: $19.94 per share
Direct holdings after transaction: 46,613 shares
+1 more
4 metrics
Phantom stock units acquired
3,027.83 units
September 30, 2026
Reported value per share
$19.94 per share
Transaction dated September 30, 2026
Direct holdings after transaction
46,613 shares
Includes phantom stock units
Indirect holdings
52,532 shares
Spouse’s Irrevocable Trust
Key Terms
phantom stock units, Nonemployee Director Deferred Stock Subplan, dividend equivalents, change in control
4 terms
phantom stock units financial
"Represents phantom stock units for deferrals"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Nonemployee Director Deferred Stock Subplan technical
"under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan"
dividend equivalents financial
"upon conversion of dividend equivalents"
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.
change in control technical
"within six months following a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When are Steven Andrew White’s HRL phantom stock units payable?
The units become payable in shares on February 15 of the year following termination of director service, in one lump sum or up to ten annual installments at his election, or on a later date he elects. They also become payable in a lump sum immediately upon separation from service within six months following a change in control, as defined in the plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
