Hormel exec granted 87,700 options, 12,043 RSUs
Hormel Foods executive William W. Bonifant, GVP and Chief Supply Chain Officer, received equity compensation on April 14, 2026.
Rhea-AI Filing Summary
Hormel Foods executive William W. Bonifant, GVP and Chief Supply Chain Officer, received equity compensation on April 14, 2026. He was granted stock options for 87,700 shares of common stock at an exercise price of $20.76 per share, expiring on April 14, 2036. These options vest in four equal annual installments beginning April 14, 2027, under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan.
Bonifant also received an award of 12,043 shares of common stock in the form of restricted stock units, which vest three years after the grant date. Following these awards, he holds 87,700 stock options and 12,043 shares of common stock directly. These are compensation-related grants, not open-market purchases or sales.
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Insider Trade Summary
Grant/Award: 99,743 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) | 87,700 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 12,043 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 87,700 contracts (Direct);
Common Stock — 12,043 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 April 14, 2027.
Key Figures
Stock options granted: 87,700 options
Option exercise price: $20.76 per share
Option expiration: April 14, 2036
+3 more
6 metrics
Stock options granted
87,700 options
Granted April 14, 2026 to William W. Bonifant
Option exercise price
$20.76 per share
Exercise price for 87,700 stock options
Option expiration
April 14, 2036
Expiration date of granted stock options
Restricted stock units granted
12,043 RSUs
Award of common stock units on April 14, 2026
Common shares after grant
12,043 shares
Direct common stock holdings after RSU award
Options after grant
87,700 options
Total stock options held after award
Key Terms
restricted stock units, stock options, Equity and Incentive Compensation Plan, vesting
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.
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.
Equity and Incentive Compensation Plan financial
"pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan."
vesting financial
"Award vests in four equal annual installments after the grant date, with the first installment vesting on April 14, 2027."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did Hormel Foods (HRL) grant to William W. Bonifant?
Hormel Foods granted William W. Bonifant stock options for 87,700 shares at $20.76 and 12,043 restricted stock units. Both awards are part of the 2026 Equity and Incentive Compensation Plan and vest over future years, aligning his compensation with company performance.
Are the Form 4 transactions for Hormel Foods (HRL) insider Bonifant open-market buys or sells?
The Form 4 transactions are grants, not open-market buys or sells. Bonifant received stock options and restricted stock units as compensation awards with a zero transaction price, meaning they were issued by the company rather than purchased in the market.
How do William W. Bonifant’s Hormel (HRL) stock options vest?
Bonifant’s 87,700 stock options vest in four equal annual installments after the grant date. The first installment vests on April 14, 2027, providing a staggered vesting schedule that encourages longer-term retention and alignment with Hormel Foods’ ongoing performance.
When do the restricted stock units granted to Bonifant at Hormel (HRL) vest?
The 12,043 restricted stock units granted to Bonifant vest three years after the April 14, 2026 grant date. This time-based vesting requires continued service over the full three-year period before the units convert into common shares.
What is the exercise price and expiration date of Bonifant’s Hormel (HRL) stock options?
Bonifant’s stock options have an exercise price of $20.76 per share and expire on April 14, 2036. He can choose to exercise these options once vested any time before expiration, subject to plan rules and personal financial decisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
