Bonifant William W. 4

What Happened

• William W. Bonifant, GVP and Chief Supply Chain Officer at Hormel Foods (HRL), was granted equity on April 14, 2026: 12,043 restricted stock units (RSUs) and stock options covering 87,700 shares. Both grants are reported at $0.00 consideration (typical for compensation awards) and were filed on April 16, 2026. The RSUs are outright awards; the option award is a derivative grant that could convert into common shares if exercised in the future.

Key Details

• Transaction date: 2026-04-14; Form 4 filed: 2026-04-16 (timely filing).
• Reported price: $0.00 for both awards; reported cash value: $0.
• Awards: 12,043 RSUs (award) and 87,700 stock options (derivative award).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes:
  • F1: RSUs vest three years after the grant date.
  • F2: Options vest in four equal annual installments, first vesting on April 14, 2027.
• Transaction code: A = Award/Grant.

Context

• RSUs convert to shares only after vesting (here, three years). The options vest over four years and must be exercised before they produce shares; these grants do not represent immediate purchases or sales. Such awards are common as part of executive compensation and do not by themselves indicate a near‑term market action.