SMITH SALLY J 4

What Happened Sally J. Smith, a non‑employee director of Hormel Foods Corporation (HRL), was granted 6,541 restricted shares on February 2, 2026. The filing reports an acquisition at $0.00 per share (a compensation award), so no cash was paid by the insider. The restricted shares are subject to a restriction period that expires on the date of the issuer's next annual meeting of stockholders.

Key Details

• Transaction date: 2026-02-02; Filing date: 2026-02-04 (filed within the standard reporting window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 6,541 restricted shares; reported acquisition price $0.00 (award).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: (F1) Award made under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan; restrictions lapse at next annual meeting. (F2) Includes phantom stock units converted from dividend equivalents under the Nonemployee Director Deferred Stock Subplan since the last filing.
• Exhibit: Exhibit 24 (Power of Attorney) attached to the filing.

Context This is a routine director compensation grant rather than a market purchase or sale — it increases the director's equity stake through company compensation and is subject to vesting/restriction conditions. Such awards are standard for non‑employee directors and do not, by themselves, indicate buying or selling sentiment.