Newlands William A 4

What Happened
William A. Newlands, Chairman of Hormel Foods Corporation's Board, received an award of 6,541 restricted shares on 2026-02-02. The reported acquisition price is $0.00 (transaction code A), reflecting a grant of restricted stock as director compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-02; reported on Form 4 filed 2026-02-04 (timely filing).
• Shares granted: 6,541 restricted shares; reported acquisition price $0.00; total cash value at grant shown as $0.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes:
  • F1: Awarded under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan; shares are subject to a restricted period that expires on the issuer's next annual meeting of stockholders.
  • F2: Includes phantom stock units from conversion of dividend equivalents under the Nonemployee Director Deferred Stock Subplan since the last filing.
• Remarks: Exhibit 24 (Power of Attorney) attached.

Context
Grants of restricted shares to non-employee directors are routine compensation and represent deferred/locked-up pay rather than a direct market bet on the stock. The $0 acquisition price indicates these were awarded rather than purchased; the restriction period limits immediate sale. Such awards are informative about director compensation but less directly indicative of insider market sentiment than open-market purchases or sales.