Zechmeister Michael Paul 4

What Happened Michael Paul Zechmeister, a director of Hormel Foods Corporation (HRL), received an award of 6,541 restricted shares on 2026-02-02. The shares were granted as compensation (transaction code A) at $0.00 per share (total reported value $0). This was a grant of restricted stock to a non-employee director rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-02; Form 4 filed 2026-02-04 (appears timely).
• Transaction type: Award/Grant of restricted shares (code A).
• Shares received: 6,541 restricted shares at $0.00 per share (total $0 reported).
• Shares owned after transaction: not disclosed in the provided filing summary.
• Footnote: Award made under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan; restricted period expires on the date of the issuer’s next annual meeting of stockholders.
• Filing includes Exhibit 24 (Power of Attorney).

Context This was a routine director compensation award (restricted stock) to a non-employee director. Such grants are common ways companies align directors’ interests with shareholders; they are not the same as a market purchase and should not be interpreted alone as a bullish or bearish signal. The shares are subject to a restricted period that ends at the next annual shareholder meeting.