Aakre D Scott 4
4 · HORMEL FOODS CORP /DE/ · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Hormel (HRL) Director Aakre Withholds 1,722 Shares for Taxes
What Happened
Aakre D. Scott, a director of Hormel Foods Corp (HRL), had 1,722 shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). The withheld shares were priced at $21.47 each, totaling $36,971. This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-04-27; Filing date: 2026-04-29 (Form 4 filed timely).
- Shares withheld/disposed: 1,722 shares at $21.47 per share; total value ≈ $36,971.
- Transaction code: F (withholding of stock to satisfy tax withholding obligation).
- Footnotes: F1 confirms shares were withheld to satisfy tax on vested RSUs previously reported; F2 notes dividend equivalents on RSUs have been reinvested as additional RSUs.
- Shares owned after transaction: Not disclosed in this filing.
Context
This was a routine tax-withholding action tied to the vesting of previously granted RSUs and does not represent an active sell or buy decision by the director. Such withholdings are common when equity awards vest and are typically neutral in interpreting insider sentiment.
Insider Transaction Report
Form 4
Aakre D Scott
Director
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-04-27$21.47/sh−1,722$36,971→ 47,944.783 total
Holdings
- 4,620.523(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]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.
- [F2]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.
Signature
/s/ Benjamin S. Borden, Attorney-In-Fact|2026-04-29