Aakre D Scott 4

What Happened Aakre D. Scott, a director of Hormel Foods Corporation, was granted 6,541 restricted shares on Feb 2, 2026. The Form 4 reports the award as an acquisition (code A) at $0.00 per share (total reported value $0). The shares were issued as a director compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-02
• Transaction type/code: Award/Grant (A) — 6,541 restricted shares at $0.00/share (reported value $0)
• Restricted period: Shares are subject to restrictions that expire on the date of the issuer's next annual meeting of stockholders (Footnote F1)
• Filing date: 2026-02-04 (Form 4 accession 0001341185-26-000004); filing appears timely based on reported dates
• Exhibit noted: Exhibit 24 — Power of Attorney
• Shares owned after transaction: Not specified in the provided filing

Context This was a routine equity grant to a non-employee director as part of director compensation under the Hormel Foods 2026 Equity and Incentive Compensation Plan. Such restricted-share awards are common for aligning directors’ interests with shareholders and do not reflect an open-market purchase or sale decision. The restriction until the next annual meeting generally prevents immediate sale.