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.