Newlands William A 4
4 · HORMEL FOODS CORP /DE/ · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Hormel Foods (HRL) Chairman William Newlands Receives Award
What Happened William A. Newlands, Chairman of the Board of Hormel Foods Corporation (HRL), received a grant of 6,721.85 phantom stock units on 2026-03-31. The units were valued at $22.65 each for a total reported value of $152,250. This transaction is coded as an award/grant (A), not a market purchase or sale.
Key Details
- Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-02 (appears timely).
- Amount: 6,721.85 phantom stock units at $22.65 per unit; total value $152,250.
- Shares owned after transaction: not specified in the provided filing data.
- Transaction code: A (award/grant).
- Footnotes: Units are phantom stock units under the Nonemployee Director Deferred Stock Subplan of the 2026 Equity and Incentive Compensation Plan (each unit = one share). Units become payable in shares after director service ends (lump sum or up to 10 annual installments, at the director’s election) or immediately in certain change-in-control situations. The grant includes phantom units from conversion of dividend equivalents received since the last filing.
Context Phantom stock units are deferred compensation for nonemployee directors and do not represent immediate issuance of common shares; they convert into actual shares (or installment shares) upon the director’s separation from service or as otherwise specified. Such awards are routine for director compensation and should not be interpreted alone as a personal buy/sell signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-31$22.65/sh+6,721.85$152,250→ 58,133.82 total
Footnotes (2)
- [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).
- [F2]Includes phantom stock units received by the Reporting Person upon conversion of dividend equivalents under the Hormel Foods Corporation Nonemployee Director Deferred Stock Subplan since the date of the Reporting Person's last filing through the date of the reported transaction.