Bonifant William W. 4

What Happened
William W. Bonifant, Group Vice President and Chief Supply Chain Officer at Hormel Foods (HRL), received equity awards on June 9, 2026: 5,734 restricted stock units (RSUs) and 34,900 stock options. Both items were reported as acquisitions at $0.00 (standard for grants). The RSUs vest three years after grant; the options vest in four equal annual installments beginning June 9, 2027.

Key Details

• Transaction date: 2026-06-09 (filed on 2026-06-11). Filing appears timely.
• RSUs: 5,734 shares; grant price $0.00; vest in 3 years (Footnote F1).
• Stock options: 34,900 (reported as derivative acquisition); grant price $0.00; vest in four equal annual installments, first vesting on 2027-06-09 (Footnote F2).
• Shares owned after transaction: not disclosed in the filing.
• Awards issued under the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan.
• No exercise or sale occurred — these are grants (compensation), not open-market purchases or disposals.

Context
These awards are compensation grants intended to retain and incentivize the executive; they do not represent an immediate cash purchase or sale. The options are not exercised now and will only have market value once vested and potentially exercised in the future. For retail investors, grants are common and signal company compensation policy rather than a direct buy/sell vote by the insider.