Murano Elsa A 4

What Happened
Elsa A. Murano, a director of Hormel Foods Corporation (HRL), was granted 6,541 restricted shares on February 2, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (total reported acquisition value $0). The award was made under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan as director compensation.

Key Details

• Transaction date: 2026-02-02
• Transaction type/code: Grant/Award (A) — 6,541 shares @ $0.00; reported acquisition value $0
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Restricted shares awarded to a non-employee director; the restriction period expires on the issuer's next annual meeting of stockholders (per filing footnote).
• Filing date: 2026-02-04 (filed within the common 2-business-day Form 4 window)

Context
This was a compensation award to a non-employee director, not an open-market purchase or sale. Restricted-share awards are common for director pay and are subject to holding/vesting conditions, so they do not directly signal buying or selling intent in the market.