Bhojwani Gary C. 4

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.