Bhojwani Gary C. 4
4 · HORMEL FOODS CORP /DE/ · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Hormel Foods (HRL) Director Gary C. Bhojwani Receives Award
What Happened Gary C. Bhojwani, a non-employee director of Hormel Foods Corporation (HRL), received an award of 6,541 restricted shares on February 2, 2026. The filing reports an acquisition price of $0.00 per share (total reported value $0), reflecting a compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-02 (reported on Form 4 filed 2026-02-04).
- Transaction type: Award/Grant of restricted shares (code A). Price reported: $0.00 per share; total reported value: $0.
- Shares granted: 6,541 restricted shares.
- Shares owned after transaction: Not specified in the filing.
- Footnotes:
- F1: Award made under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan; shares are restricted until the issuer’s next annual meeting of stockholders.
- F2: Grant total includes phantom stock units from conversion of dividend equivalents under the Nonemployee Director Deferred Stock Subplan since the reporter’s last filing.
- Remarks: Exhibit 24 (Power of Attorney) included.
Context This transaction is a standard director compensation award (restricted shares subject to a holding/vesting period) and does not represent an open-market buy or sale. Such awards are common for non-employee directors and typically reflect board compensation rather than a direct signal about the director’s view of the stock.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-02+6,541→ 74,505.5 total
- 4,328(indirect: GRAT 4)
Common Stock
Footnotes (2)
- [F1]Award of restricted shares to non-employee director pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. The restricted shares are subject to a restricted period, which expires upon the date of the Issuer's next annual meeting of stockholders.
- [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.