Hormel Foods (NYSE: HRL) director logs RSU tax withholding and holdings update

Rhea-AI Filing Summary

Hormel Foods director D Scott Aakre reported a tax-related share withholding tied to restricted stock units. On April 27, 2026, 1,722 shares of common stock were withheld at $21.47 per share to satisfy tax obligations on the vesting of a previously reported restricted stock unit award.

After this transaction, Aakre directly held 47,944.783 shares of common stock, with additional indirect ownership of 4,620.5226 shares through a 401(k) Plan. Footnotes indicate the position also reflects dividend equivalents on restricted stock units that were reinvested since the prior filing. The disposition reflects tax withholding, not an open-market sale.

Insights

Equity compensation analyst

Routine tax withholding on RSU vesting; no open-market trading.

The filing shows D Scott Aakre had 1,722 shares withheld at $21.47 per share to cover taxes on a vesting restricted stock unit award. This is labeled as a tax-withholding disposition, not a market sale, and is common in equity compensation.

Following this, Aakre holds 47,944.783 shares directly and 4,620.5226 shares indirectly via a 401(k) Plan. Footnotes note dividend equivalents reinvested into additional units, underscoring that the overall position remains sizable and the event is administrative rather than a directional bet on Hormel Foods stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Aakre D Scott

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,722	$21.47	$37K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 47,944.783 shares (Direct, null); Common Stock — 4,620.523 shares (Indirect, 401(k) Plan)

Footnotes (1)

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. 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

Tax-withheld shares: 1,722 shares Withholding price: $21.47 per share Direct holdings after transaction: 47,944.783 shares +2 more

5 metrics

Tax-withheld shares 1,722 shares Withheld to satisfy tax obligations on RSU vesting on April 27, 2026

Withholding price $21.47 per share Value used for RSU-related tax withholding

Direct holdings after transaction 47,944.783 shares Common stock directly owned after April 27, 2026 disposition

Indirect 401(k) holdings 4,620.5226 shares Common stock held indirectly through a 401(k) Plan

Tax-withholding transactions count 1 transaction Tax-withholding disposition events in this Form 4

Key Terms

restricted stock units, dividend equivalents, 401(k) Plan, tax withholding obligation, +1 more

5 terms

restricted stock units financial

"on vesting of an award of restricted stock units that was previously reported"

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 since the date"

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.

401(k) Plan financial

"nature_of_ownership": "401(k) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

tax withholding obligation financial

"Withholding of stock to satisfy tax withholding obligation on vesting"

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 Insider Transactions: What Each Field Means →

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^*

Aakre D Scott

(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)
04/27/2026

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	04/27/2026		F(1)		1,722	D	$21.47	47,944.783(2)	D
Common Stock								4,620.5226	I	401(k) Plan

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:

	/s/ Benjamin S. Borden, Attorney-In-Fact	04/29/2026
	** 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)

FAQ

What did Hormel Foods (HRL) director D Scott Aakre report in this Form 4?

D Scott Aakre reported a tax-related share withholding. 1,722 shares of Hormel Foods common stock were withheld at $21.47 per share to satisfy tax obligations on vesting restricted stock units, a routine equity compensation event rather than an open-market trade.

Was the Hormel Foods (HRL) Form 4 a stock sale by D Scott Aakre?

The Form 4 does not show an open-market sale. It reports 1,722 shares withheld to cover tax obligations on restricted stock unit vesting, described as a tax-withholding disposition, which is a standard administrative step in equity compensation, not a discretionary sale.

How many Hormel Foods (HRL) shares does D Scott Aakre hold after this Form 4?

After the reported transactions, Aakre holds 47,944.783 Hormel Foods common shares directly and 4,620.5226 shares indirectly through a 401(k) Plan. These holdings are shown as of the April 27, 2026 transaction date in the Form 4.

What is the significance of the 1,722 Hormel Foods (HRL) shares in the filing?

The 1,722 shares represent stock withheld at $21.47 per share to pay taxes on a vesting restricted stock unit award. According to the description, this is a payment of tax liability by delivering securities, not a market sale of shares by the director.

What do the dividend equivalents mentioned in the Hormel Foods (HRL) Form 4 mean?

The footnote explains that the reported position includes dividend equivalents on restricted stock units since the last filing. These dividend equivalents were reinvested into additional restricted stock units, modestly increasing the total units tied to the director’s equity compensation.

How is the 401(k) Plan holding described in the Hormel Foods (HRL) Form 4?

The Form 4 lists an indirect holding of 4,620.5226 shares of Hormel Foods common stock through a 401(k) Plan. This entry is categorized as a holding, with no reported purchase or sale activity, simply updating the share balance as of the transaction date.