Newlands William A 4

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.