Bhojwani Gary C. 4
Research Summary
AI-generated summary
Hormel Foods (HRL) Director Gary C. Bhojwani Sells 20,200 Shares
What Happened
Gary C. Bhojwani, a director of Hormel Foods Corporation (HRL), disposed of 20,200 shares in an open-market sale on July 8, 2026. The reported volume-weighted average selling price was $24.51, for a total proceeds figure of $495,159. The actual sale prices ranged from $24.47 to $24.57.
Key Details
- Transaction date: 2026-07-08 (filed on Form 4 on 2026-07-10). Filing appears timely (within the standard two-business-day window).
- Sale type: Open-market sale (Code S).
- Shares sold: 20,200 at a VWAP of $24.51; total proceeds reported $495,159.
- Price range: $24.47 to $24.57 (per footnote F1); filer can provide per-price breakdown on request.
- Shares owned after transaction: Not specified in the provided excerpt. Footnote F2 notes the reporting person previously transferred 52,202 shares to the "Gary C. Bhojwani Revocable Trust"; those shares were previously reported as directly or indirectly owned.
Context
- This was a straight sale (not an option exercise, grant, or gift). Sales by insiders are common and do not, by themselves, indicate company prospects.
- Footnote F1 explains pricing as a VWAP within a $1 range and offers additional per-price detail on request. Footnote F2 documents a prior transfer of shares into a revocable trust, which can affect how holdings are reported.