HORMEL FOODS CORP /DE/: chairman William A Newlands received 7,635.41 shares

What happened William A Newlands, director and chairman of the board, received 7,635.41 shares (reported as an award/acquisition) at $19.94 per share on Sep 30, 2026, with a reported value of $152,250.

Key details

• Transaction date and type: Sep 30, 2026 — Grant/award (code A), 7,635.41 shares at $19.94, total $152,250.
• Filing date: Oct 2, 2026 (period of report Sep 30, 2026).
• Shares owned after the transaction: not reported in the provided filing excerpt.
• Footnotes: F1 — these are phantom stock units under the Nonemployee Director Deferred Stock Subplan of the 2026 Equity and Incentive Compensation Plan; each unit equals one share and becomes payable in shares in a lump sum or in up to 10 annual installments after termination of service, or immediately if separation occurs within 6 months after a change in control. F2 — includes phantom units from conversion of dividend equivalents since the last filing.
• Remarks: Exhibit 24 — Power of attorney.

Why it may matter This transaction is an issuance of phantom stock units (an award under a director deferral plan), not a market purchase or sale; the units are payable in shares later per the plan rules. This filing does not show why the insider traded or why the company acted.