Borrelli Domenic 4

What Happened

• Domenic Borrelli, Executive Vice President, Retail at Hormel Foods (HRL), received equity awards on June 9, 2026. The Form 4 shows two grant entries: 8,341 restricted stock units (RSUs) recorded at $0 and 50,800 shares reported as a derivative award (stock options) recorded at $0. These are grants/awards (code A), not open-market purchases or sales.

Key Details

• Transaction dates: June 9, 2026; Form 4 filed June 11, 2026 (timely filing).
• Grants: 8,341 RSUs @ $0; 50,800 derivative shares (stock option award) @ $0.
• Total reported acquisition value on the form: $0 (grant/award reported at $0).
• Vesting: RSUs vest three years after grant (Footnote F1). Options vest in four equal annual installments, first vesting on June 9, 2027 (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filed within the normal Form 4 window (no late filing indicated).

Context

• These awards are standard compensation/retention grants rather than purchases or sales; they do not represent immediate cash proceeds or a sale signal. RSUs convert to actual shares only after vesting; options become exercisable per the vesting schedule. No exercise, sale, or 10b5-1 plan is indicated in this filing.