Schoneman Debbra L. 4
4 · HORMEL FOODS CORP /DE/ · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Hormel (HRL) Director Debbra Schoneman Receives 1,333 Phantom Shares
What Happened Debbra L. Schoneman, a member of Hormel Foods Corporation's board of directors, received 1,332.78 phantom stock units (treated as equivalent to common shares) as an award on March 31, 2026. The units are reported at $22.65 each for a total value of $30,187. This transaction is an award/grant (Form 4 code A), not an open-market purchase or sale.
Key Details
- Transaction date and value: 2026-03-31; 1,332.78 units × $22.65 = $30,187.
- Transaction type: Award/Grant (A) — phantom stock units under the Nonemployee Director Deferred Stock Subplan pursuant to the 2026 Equity and Incentive Compensation Plan.
- Shares owned after transaction: Not specified in this Form 4.
- Filing: Form 4 filed 2026-04-02; no late filing flag noted in the report.
- Footnote: Phantom stock units equal one share each and are payable in shares in a lump sum or up to ten annual installments at the director’s election, typically on Feb 15 following termination of service. They also vest/pay immediately if the director separates within six months after a change in control.
Context These are deferred, non-cash compensation units for a non-employee director. Such awards are a routine part of director compensation and do not indicate an immediate purchase or sale of common stock. The units convert to actual shares only upon payout events described above.
Insider Transaction Report
Form 4
Schoneman Debbra L.
Director
Transactions
- Award
Common Stock
[F1]2026-03-31$22.65/sh+1,332.78$30,187→ 15,819.78 total
Footnotes (1)
- [F1]Represents phantom stock units for deferrals under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan (the "2026 Equity and Incentive Compensation Plan"). Each phantom stock unit is the equivalent of one share of common stock. The phantom stock units become payable in shares of common stock in one lump sum, or in up to ten annual installments, at the election of the Reporting Person, on February 15 of the year following termination of service as a director, or such later date as is elected by the Reporting Person. In addition, the phantom stock units become payable in shares of common stock in one lump sum immediately upon a director's separation from service within six months following a change in control (as defined in the 2026 Equity and Incentive Compensation Plan).
Signature
/s/ Benjamin S. Borden, Attorney-In-Fact|2026-04-02