Hormel Foods Corp: director Debbra L. Schoneman received 1,513.92 shares

What happened

• Debbra L. Schoneman, a director, received 1,513.92 phantom stock units (reported as shares) at $19.94 per share on Sep 30, 2026, valued at $30,188. The transaction is reported as an award/grant (transaction code A).

Key details

• Transaction date and price: Sep 30, 2026 — 1,513.92 shares at $19.94 per share; total $30,188.
• Transaction code: A (award, grant or other acquisition).
• Filing date: Oct 02, 2026.
• Shares owned after the transaction: not reported in the filing.
• Footnotes:
  • F1: Represents phantom stock units under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan (each unit equals one share). Units become payable in shares in a lump sum or up to ten annual installments after termination of service, or immediately if separation occurs within six months following a change in control.
  • F2: Includes phantom stock units received upon conversion of dividend equivalents since the Reporting Person's last filing through the reported transaction.
• Remarks: Exhibit 24 — Power of attorney.

Why it may matter

• These were phantom stock units awarded under the nonemployee director deferred stock subplan, not an open-market purchase or sale.
• A filing does not show why the insider traded or why the company acted.