White Steven Andrew 4

What Happened
Steven Andrew White, a Hormel Foods (HRL) director, was granted 6,541 restricted shares on February 2, 2026 as an award under the company's director compensation plan. The shares were issued at $0.00 (i.e., no cash purchase). The award is reported as an "A" (award/grant) transaction.

Key Details

• Transaction date: 2026-02-02; Acquisition type: Award/Grant (code A)
• Shares granted: 6,541; Price paid: $0.00 (no cash outlay)
• Shares owned after transaction: Not specified in the provided filing details
• Footnote F1: Restricted shares awarded to a non-employee director under the Hormel Foods 2026 Equity and Incentive Compensation Plan; restrictions lapse on the date of the issuer's next annual meeting of stockholders.
• Footnote F2: Amount includes phantom stock units received from conversion of dividend equivalents under the Nonemployee Director Deferred Stock Subplan since the last filing.
• Filing: Form 4 filed Feb 4, 2026 (appears timely for a Feb 2 transaction).
• Exhibit: Exhibit 24 — Power of Attorney noted in remarks.

Context
This is a standard director compensation award (restricted stock) rather than an open-market purchase or sale. Restricted shares for non-employee directors commonly vest or become unrestricted on a defined date (here, the next annual meeting) and may include conversion of dividend equivalents into phantom units. Awards like this reflect routine compensation and do not by themselves indicate the director recently bought or sold stock in the open market.