Director D. Scott Aakre of Hormel Foods Corp filed a Form 4 on October 27, 2026, disclosing two separate share withholding transactions tied to the vesting of previously reported restricted stock unit awards.

Key Highlights

  • October 25, 2026 transaction: 2,308 shares of Common Stock were withheld at $21.06 per share to satisfy tax obligations on RSU vesting.
  • January 30, 2026 transaction: 3,621 shares of Common Stock were withheld at $24.61 per share for the same purpose.
  • Post-transaction direct holdings: Aakre beneficially owned 45,924.313 shares directly following the October 25, 2026 transaction, according to the filing.
  • Indirect holdings: The filing also reports 4,741.2994 shares held indirectly through a 401(k) Plan.
  • Dividend equivalents noted: The 45,924.313 share total includes dividend equivalents paid on restricted stock units and reinvested in additional restricted stock units since the date of the reporting person's last filing.
  • Filing authority: The form was signed by Benjamin S. Borden as Attorney-In-Fact under a Power of Attorney (Exhibit 24).

Aakre's RSU Withholding Transactions at Hormel Foods in 2026

According to the Form 4 filed with the SEC on October 27, 2026, D. Scott Aakre, a director of Hormel Foods Corp /DE/ (NYSE:HRL), reported two transactions coded "F," which the filing identifies as the withholding of stock to satisfy tax withholding obligations on the vesting of restricted stock unit awards previously reported by the reporting person. Both transactions involved Common Stock disposed of directly.

The first transaction, dated January 30, 2026, involved the disposal of 3,621 shares at a price of $24.61 per share. The second, dated October 25, 2026, involved the disposal of 2,308 shares at $21.06 per share. Following the October 25 transaction, the filing reports Aakre's direct beneficial ownership at 45,924.313 shares. The filing notes that this total "includes dividend equivalents paid on restricted stock units since the date of the Reporting Person's last filing through the date of the reported transaction that have been reinvested in additional restricted stock units." In addition, Aakre holds 4,741.2994 shares indirectly through a 401(k) Plan, as reported in the filing.

No derivative securities transactions were reported in Table II of the filing. The form was filed by one reporting person and signed by Benjamin S. Borden as Attorney-In-Fact on October 27, 2026, pursuant to a Power of Attorney listed as Exhibit 24.

What Was Disclosed

Director D. Scott Aakre disclosed two RSU-related tax withholding transactions in Hormel Foods Common Stock, one on January 30, 2026, and one on October 25, 2026, resulting in direct beneficial ownership of 45,924.313 shares and indirect ownership of 4,741.2994 shares via a 401(k) Plan.