HRL insider ownership: who sold, why, and what they still hold

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
William Newlands Director	10,000	$20.10	n/a	75K	Oct 5, 2026	Oct 6, 2026

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Kevin Myers Senior Vice President	864	$20.25	n/a	n/a	Oct 3, 2026	Oct 6, 2026

What stands out

William Newlands bought 10K shares for $201K, first on Oct 5, 2026. These are the first by current officers or directors since Jun 27, 2024.Purchase, Oct 5, 2026

Percentages cover 10 of 22 officers and directors. 12 are left out

Left out: Gary Bhojwani, Kevin Myers, Swen Neufeldt, John Ghingo, Katherine Losness-Larson, Colleen Batcheler, Paul Kuehneman, David Weber, Pierre Lilly, Mary Clark and William Bonifant (holdings couldn't be fully reconciled); Domenic Borrelli (held no vested shares at the start).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stake

Gary Bhojwani

Director

Sold $495K (plan status beside the amount). Share of stake not shown: holdings couldn't be fully reconciled. Why

$495KNo plan disclosed

Elsa Murano

Director

14% · $322KNo plan disclosed

Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled

Common questions

Is the Hormel Foods CEO selling stock?

No. Jeffrey Ettinger reported no open-market sales in the past 12 months.

Why are Hormel Foods insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Hormel Foods insiders buying?

Yes. 1 officer or director reported 1 purchase in the past 12 months (Form 4 code P, which includes private purchases).

How much of their stake did Hormel Foods insiders sell?

About 0.7% overall. As a group they ended with more shares than they started with. The biggest seller whose stake can be measured, Elsa Murano, gave up 14% of starting holdings. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Gary Bhojwani Director	$495K 20K shares	i No percentage: holdings couldn't be fully reconciled.	No plan disclosed
Elsa Murano Director	$322K 13K shares	14%	No plan disclosed

The full ownership picture11 of 22 insiders fully reconciled · 22 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 9, 2025

Sold

Held Oct 9, 2026

Still held

Jeffrey Ettinger

New Form 3 filed 2025-03-25; earlier filings set aside.

Interim CEO, Director

1.23M

no sales

Vesting, gifts, unvested awards and holding lines for Jeffrey Ettinger

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

New Form 3 filed 2025-03-25; earlier filings set aside.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	68,942	68,942
Spouse's Revocable Trust	Common Stock	723,873	723,873
Revocable Trust	Common Stock	422,106	422,106
Child's Trust	Common Stock	11,744	11,744
Spouse's Account	Common Stock	361	361

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
359,100	$41.01	Feb 1, 2026	$0
750,000	$28.30	Aug 5, 2035	$0
436,300	$23.39	Jan 2, 2036	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Christopher Policinski

Minor difference of 2,318 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

115K

129K

no sales

Vesting, gifts, unvested awards and holding lines for Christopher Policinski

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	114,801	128,982

Reconciliation: minor difference of 2,318 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Elsa Murano

Director

95K

−13K

89K

93%

Vesting, gifts, unvested awards and holding lines for Elsa Murano

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	95,488	88,629

Stephen Lacy

Director

87K

94K

no sales

Vesting, gifts, unvested awards and holding lines for Stephen Lacy

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	87,470	94,011

Steven White

Minor difference of 1,815 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

85K

99K

no sales

Vesting, gifts, unvested awards and holding lines for Steven White

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	37,968	46,613
Spouse's Irrevocable Trust	Common Stock	47,127	52,532

Reconciliation: minor difference of 1,815 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Sally Smith

Minor difference of 1,059 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Director

79K

87K

no sales

Vesting, gifts, unvested awards and holding lines for Sally Smith

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	79,030	86,630

Additional holdings last reported Feb 1, 2018, not confirmed since: 30,095 shares. Not included in any total or percentage on this page.

Direct, Common Sstock: 30,095 shares, last reported Feb 1, 2018

Reconciliation: minor difference of 1,059 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Gary Bhojwani

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: -47,874 shares on Jul 8, 2026 (Direct). See the filing Sales and other transactions for Gary Bhojwani are complete.

Director

n/a

−20K

n/a

Vesting, gifts, unvested awards and holding lines for Gary Bhojwani

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: -47,874 shares on Jul 8, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	67,710	33,205
GRAT 4	Common Stock	4,328	4,328
Gary C. Bhojwani Revocable Trust	Common Stock	0	32,002

Additional holdings last reported Mar 31, 2023, not confirmed since: 22,062 shares. Not included in any total or percentage on this page.

GRAT 1, Common Stock: 11,235 shares, last reported Feb 1, 2022
GRAT 2, Common Stock: 5,978 shares, last reported Mar 31, 2022
GRAT 3, Common Stock: 4,849 shares, last reported Mar 31, 2023

Kevin Myers

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,118.0039 shares on Oct 3, 2026 (Direct). See the filing Sales and other transactions for Kevin Myers are complete.

Senior Vice President

n/a

Vesting, gifts, unvested awards and holding lines for Kevin Myers

0shares vested or exercised

0gifted (net of own trusts)

−2.2Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,118.0039 shares on Oct 3, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	46,833	57,042
401(k) Plan	Common Stock	5,327	5,636
JEPST Plan	Common Stock	2,838	3,002

Additional holdings last reported Oct 28, 2013, not confirmed since: 3,075 shares. Not included in any total or percentage on this page.

401(K) Plans, Common Stock: 3,075 shares, last reported Oct 28, 2013

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
34,700	$31.66	Dec 12, 2033	$0
32,200	$33.55	Dec 10, 2034	$0
2,400	$31.15	Jun 10, 2035	$0
69,500	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Swen Neufeldt

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +732.024 shares on Dec 6, 2025 (Direct). See the filing Sales and other transactions for Swen Neufeldt are complete.

Group Vice President

n/a

Vesting, gifts, unvested awards and holding lines for Swen Neufeldt

0shares vested or exercised

0gifted (net of own trusts)

−1.1Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +732.024 shares on Dec 6, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	45,337	52,596
JEPST Plan	Common Stock	1,748	1,781
401(k) Plan	Common Stock	5	5

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
27,300	$31.66	Dec 12, 2033	$0
25,600	$33.55	Dec 10, 2034	$0
22,000	$33.55	Dec 10, 2034	$0
49,000	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

William Newlands

Minor difference of 996 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Director

44K

76K

no sales

Vesting, gifts, unvested awards and holding lines for William Newlands

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	44,481	76,375

Reconciliation: minor difference of 996 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Scott Aakre

Minor difference of 646 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. Includes unvested RSUs, amount not disclosed. Unexplained small increases, consistent with stock unit vesting or reinvested dividends. New Form 3 filed 2025-05-23; earlier filings set aside.

Director

42K

53K

no sales

Vesting, gifts, unvested awards and holding lines for Scott Aakre

0shares vested or exercised

0gifted (net of own trusts)

−2.3Kwithheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Unexplained small increases, consistent with stock unit vesting or reinvested dividends.
New Form 3 filed 2025-05-23; earlier filings set aside.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	37,666	47,945
401(k) Plan	Common Stock	4,481	4,621

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$37.76	Dec 1, 2025	$0
18,200	$33.31	Dec 6, 2026	$0
17,300	$37.10	Dec 5, 2027	$0
13,200	$44.91	Dec 4, 2028	$0
9,100	$45.54	Dec 3, 2029	$0
10,000	$47.53	Dec 1, 2030	$0
11,700	$42.43	Dec 7, 2031	$0
8,800	$46.84	Dec 6, 2032	$0
19,800	$31.66	Dec 12, 2033	$0
19,000	$33.55	Dec 10, 2034	$0
22,000	$33.55	Dec 10, 2034	$0
39,200	$28.30	Aug 5, 2035	$0
36,000	$23.39	Jan 2, 2036	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Reconciliation: minor difference of 646 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

John Ghingo

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +672.373 shares on Feb 2, 2026 (Direct). See the filing Sales and other transactions for John Ghingo are complete.

President, Director

n/a

Vesting, gifts, unvested awards and holding lines for John Ghingo

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +672.373 shares on Feb 2, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	30,621	64,001

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
58,600	$33.55	Dec 10, 2034	$0
22,600	$28.30	Aug 5, 2035	$0
201,000	$24.46	Feb 2, 2036	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Katherine Losness-Larson

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +650.531 shares on Dec 6, 2025 (Direct). See the filing Sales and other transactions for Katherine Losness-Larson are complete.

Senior Vice President

n/a

Vesting, gifts, unvested awards and holding lines for Katherine Losness-Larson

0shares vested or exercised

0gifted (net of own trusts)

−672withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +650.531 shares on Dec 6, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	24,219	32,662
Spouse IRA	Common Stock	1,600	1,600
401(k) Plan	Common Stock	1,327	1,379
JEPST Plan	Common Stock	745	774

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
20,700	$31.66	Dec 12, 2033	$0
23,400	$33.55	Dec 10, 2034	$0
18,300	$33.55	Dec 10, 2034	$0
54,500	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Colleen Batcheler

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,192.528 shares on Dec 9, 2025 (Direct). See the filing Sales and other transactions for Colleen Batcheler are complete.

Senior Vice President

n/a

Vesting, gifts, unvested awards and holding lines for Colleen Batcheler

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +1,192.528 shares on Dec 9, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	27,250	49,603

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
40,100	$30.65	Jun 11, 2034	$0
71,000	$33.55	Dec 10, 2034	$0
136,200	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Paul Kuehneman

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +381.253 shares on Dec 6, 2025 (Direct). See the filing Sales and other transactions for Paul Kuehneman are complete.

Interim CFO and Controller

n/a

Vesting, gifts, unvested awards and holding lines for Paul Kuehneman

0shares vested or exercised

0gifted (net of own trusts)

−619withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +381.253 shares on Dec 6, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	15,358	27,816
401(k) Plan	Common Stock	5,253	5,353
JEPST Plan	Common Stock	2,400	2,446
Spouse JEPST Plan	Common Stock	1,068	1,088

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
16,500	$31.66	Dec 12, 2033	$0
16,100	$33.55	Dec 10, 2034	$0
18,300	$33.55	Dec 10, 2034	$0
34,100	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

David Weber

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +82.229 shares on Dec 6, 2025 (Direct). See the filing Sales and other transactions for David Weber are complete.

Group Vice President

n/a

Vesting, gifts, unvested awards and holding lines for David Weber

0shares vested or exercised

0gifted (net of own trusts)

−538withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +82.229 shares on Dec 6, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	17,748	23,218
JEPST Plan	Common Stock	4,181	4,261

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
10,400	$37.76	Dec 1, 2025	$0
15,800	$33.31	Dec 6, 2026	$0
15,900	$37.10	Dec 5, 2027	$0
12,100	$44.91	Dec 4, 2028	$0
7,800	$45.54	Dec 3, 2029	$0
8,700	$47.53	Dec 1, 2030	$0
11,000	$42.43	Dec 7, 2031	$0
7,800	$46.84	Dec 6, 2032	$0
14,000	$31.66	Dec 12, 2033	$0
13,200	$33.55	Dec 10, 2034	$0
3,200	$31.15	Jun 10, 2035	$0
38,100	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Pierre Lilly

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +2,715.237 shares on Dec 6, 2025 (401(k) Plan). See the filing Sales and other transactions for Pierre Lilly are complete.

Senior Vice President

n/a

Vesting, gifts, unvested awards and holding lines for Pierre Lilly

0shares vested or exercised

0gifted (net of own trusts)

−619withheld by the company for taxes

none reportedunvested awards, start → end

Includes unvested RSUs, amount not disclosed.
Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.

Holdings couldn't be fully reconciled. Balance changed with no matching transaction and no footnote: +2,715.237 shares on Dec 6, 2025 (401(k) Plan). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct includes unvested RSUs, amount not disclosed	Common Stock	11,714	20,028
401(k) Plan	Common Stock	5,144	7,859
JEPST Plan	Common Stock	1,518	1,578
Spouse 401(k) Plan	Common Stock	700	700

Additional holdings last reported Dec 7, 2021, not confirmed since: 700 shares. Not included in any total or percentage on this page.

Spouse's 401(k) Plan, Common Stock: 700 shares, last reported Dec 7, 2021

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
14,900	$31.66	Dec 12, 2033	$0
13,900	$33.55	Dec 10, 2034	$0
27,200	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Michael Zechmeister

Director

15K

21K

no sales

Vesting, gifts, unvested awards and holding lines for Michael Zechmeister

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	14,696	21,237

Mary Clark

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +377.038 shares on Dec 9, 2025 (Direct). See the filing Sales and other transactions for Mary Clark are complete.

Senior Vice President

n/a

Vesting, gifts, unvested awards and holding lines for Mary Clark

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +377.038 shares on Dec 9, 2025 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	8,616	12,591

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
6,400	$30.65	Jun 11, 2034	$0
11,700	$33.55	Dec 10, 2034	$0
23,200	$23.63	Dec 9, 2035	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

Debbra Schoneman

Minor difference of 36 shares. Difference is under 0.5% of holdings.

Director

7.9K

17K

no sales

Vesting, gifts, unvested awards and holding lines for Debbra Schoneman

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	7,946	17,370

Reconciliation: minor difference of 36 shares. Difference is under 0.5% of holdings.

Domenic Borrelli

EVP, Retail

8.3K

no sales

Vesting, gifts, unvested awards and holding lines for Domenic Borrelli

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	0	8,341

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
50,800	$23.98	Jun 9, 2036	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

William Bonifant

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +176.9235 shares on Jun 9, 2026 (Direct). See the filing Sales and other transactions for William Bonifant are complete.

GVP, Chief Supply Chain Ofc.

n/a

Vesting, gifts, unvested awards and holding lines for William Bonifant

0shares vested or exercised

0gifted (net of own trusts)

none reportedunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +176.9235 shares on Jun 9, 2026 (Direct). The balances below are as reported, not verified totals.

Held through	Share class	Oct 9, 2025	Oct 9, 2026
Direct	Common Stock	0	17,954

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
87,700	$20.76	Apr 14, 2036	$0
34,900	$23.98	Jun 9, 2036	$0

Estimate: options held × ($20.10 − strike price), using the most recent insider trade price on Form 4 (Oct 5, 2026), not a market close.

11 of 22 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (5 exactly, 6 with a minor or footnoted difference). For 11 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 10 of 22 officers and directors. Left out: Gary Bhojwani, Kevin Myers, Swen Neufeldt, John Ghingo, Katherine Losness-Larson, Colleen Batcheler, Paul Kuehneman, David Weber, Pierre Lilly, Mary Clark and William Bonifant (holdings couldn't be fully reconciled); Domenic Borrelli (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$817K of sales by plan status, purpose, seller and month

Officer and director open-market sales: $817K across 33,600 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $817K

Sales with no 10b5-1 plan and no tax reference in the filing. $495K of it is Gary Bhojwani. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Gary Bhojwani, Jul 8, 2026

Taxes

8,073 shares ($188K) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P). Across all their filings on record there are 5 purchase trades.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Gary Bhojwani Director	20K	$495K	0%	61%	Jul 8, 2026 to Jul 8, 2026
Elsa Murano Director	13K	$322K	0%	39%	Dec 11, 2025 to Dec 11, 2025

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$0	$0	$0	$0
Dec 2025	$322K	$0	$0	$322K
Jan 2026	$0	$0	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$0	$0	$0	$0
Apr 2026	$0	$0	$0	$0
May 2026	$0	$0	$0	$0
Jun 2026	$0	$0	$0	$0
Jul 2026	$495K	$0	$0	$495K
Aug 2026	$0	$0	$0	$0
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 2 insiders sold; the average is 7 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 9, 2026 Latest 12 months	34K	2	$817K
Oct 9, 2025 1 year earlier	4.5K	1	$137K
Oct 9, 2024 2 years earlier	164K	7	$5.4M
Oct 10, 2023 3 years earlier	90K	7	$3.9M
Oct 10, 2022 4 years earlier	132K	11	$6.7M
Oct 10, 2021 5 years earlier	409K	9	$19.5M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty11 insiders whose holdings couldn't be fully reconciled

Gary Bhojwani: holdings couldn't be fully reconciled (difference of 5,462 shares). Balance changed with no matching transaction and no footnote: -47,874 shares on Jul 8, 2026 (Direct). Filing, Jul 8, 2026

Kevin Myers: holdings couldn't be fully reconciled (difference of 2,096 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,118.0039 shares on Oct 3, 2026 (Direct). Filing, Oct 3, 2026

Footnote: "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."

Swen Neufeldt: holdings couldn't be fully reconciled (difference of 766 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +732.024 shares on Dec 6, 2025 (Direct). Filing, Dec 6, 2025

Footnote: "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."

John Ghingo: holdings couldn't be fully reconciled (difference of 672 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +672.373 shares on Feb 2, 2026 (Direct). Filing, Feb 2, 2026

Footnote: "Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests three years after the grant date."

Katherine Losness-Larson: holdings couldn't be fully reconciled (difference of 732 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +650.531 shares on Dec 6, 2025 (Direct). Filing, Dec 6, 2025

Footnote: "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."

Colleen Batcheler: holdings couldn't be fully reconciled (difference of 1,193 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +1,192.528 shares on Dec 9, 2025 (Direct). Filing, Dec 9, 2025

Footnote: "Award of restricted stock units pursuant to the Hormel Foods Corporation 2018 Incentive Compensation Plan. Award vests three years after the grant date."

Paul Kuehneman: holdings couldn't be fully reconciled (difference of 548 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +381.253 shares on Dec 6, 2025 (Direct). Filing, Dec 6, 2025

Footnote: "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."

David Weber: holdings couldn't be fully reconciled (difference of 162 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +82.229 shares on Dec 6, 2025 (Direct). Filing, Dec 6, 2025

Footnote: "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."

Pierre Lilly: holdings couldn't be fully reconciled (difference of 3,244 shares). Balance changed with no matching transaction and no footnote: +2,715.237 shares on Dec 6, 2025 (401(k) Plan). Filing, Dec 6, 2025

Mary Clark: holdings couldn't be fully reconciled (difference of 377 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +377.038 shares on Dec 9, 2025 (Direct). Filing, Dec 9, 2025

Footnote: "Award of restricted stock units pursuant to the Hormel Foods Corporation 2018 Incentive Compensation Plan. Award vests three years after the grant date."

William Bonifant: holdings couldn't be fully reconciled (difference of 177 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +176.9235 shares on Jun 9, 2026 (Direct). Filing, Jun 9, 2026

Footnote: "Award of restricted stock units pursuant to the Hormel Foods Corporation 2026 Equity and Incentive Compensation Plan. Award vests three years after the grant date."

Christopher Policinski: minor difference of 2,318 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Steven White: minor difference of 1,815 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Sally Smith: minor difference of 1,059 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

William Newlands: minor difference of 996 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Scott Aakre: minor difference of 646 shares. Unexplained small increases, consistent with stock unit vesting or reinvested dividends.

Debbra Schoneman: minor difference of 36 shares. Difference is under 0.5% of holdings.

Inferred rename: "Spouse's Revocable Trust" is treated as the same holder as "Spouse's Rev Trust", because the old name was never reported again and the new one opened with the same balance (336,924 shares). Old name, new name

Inferred rename: "Spouse's Rev. Living Trust" is treated as the same holder as "Spouse's Irrev Trust", because the old name was never reported again and the new one opened with the same balance (46,864 shares). Old name, new name

Inferred rename: "Spouse's Irrev Trust" is treated as the same holder as "Spouse Irrev Trust", because the old name was never reported again and the new one opened with the same balance (1,214 shares). Old name, new name

Inferred rename: "Owned by Spouse" is treated as the same holder as "Spouse", because the old name was never reported again and the new one opened with the same balance (14,000 shares). Old name, new name

Inferred rename: "Daughter's Irrevocable Trust" is treated as the same holder as "Irrev Trust for Daughter", because the old name was never reported again and the new one opened with the same balance (32,000 shares). Old name, new name

Inferred rename: "401K" is treated as the same holder as "401K PLAN", because the old name was never reported again and the new one opened with the same balance (17,542 shares). Old name, new name

Inferred rename: "401(K) Plans" is treated as the same holder as "401(K) Plan", because the old name was never reported again and the new one opened with the same balance (5,895 shares). Old name, new name

Inferred rename: "GRAT" is treated as the same holder as "GRAT 1", because the old name was never reported again and the new one opened with the same balance (11,235 shares). Old name, new name

Inferred rename: "Spouse's 401(k)" is treated as the same holder as "Spouse's 401(k) Plan", because the old name was never reported again and the new one opened with the same balance (700 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,043 filings from SEC EDGAR, and how we read them

All 2,043 Forms 3, 4 and 5 filed for Hormel Foods (SEC CIK 48465) from Oct 23, 2002 to Oct 6, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 52 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Feb 1, 2011 (split date stated in a footnote). Splits aren't reported as transactions; 10 holding lines changed by exactly this ratio, so earlier share counts are restated.

Probable 2-for-1 stock split on or before Feb 19, 2016 (first filing that shows post-split balances). Splits aren't reported as transactions; 8 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (79)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
James Snee	Feb 4, 2025	470,082 shares, last reported balance as of Feb 3, 2025
Steven Lykken	Dec 12, 2024	48,088 shares, last reported balance as of Dec 10, 2024
Jacinth Smiley	Dec 12, 2024	68,682 shares, last reported balance as of Dec 10, 2024
Mark Ourada	Dec 12, 2024	42,804 shares, last reported balance as of Dec 10, 2024
Deanna Brady	Sep 17, 2024	87,453 shares, last reported balance as of Sep 13, 2024
Mark Coffey	Apr 1, 2024	81,103 shares, last reported balance as of Mar 28, 2024
Becerra Prado	Feb 5, 2024	26,649 shares, last reported balance as of Feb 1, 2024
Prama Bhatt	Feb 5, 2024	20,140 shares, last reported balance as of Feb 1, 2024
Susan Nestegard	Dec 28, 2023	92,615 shares, last reported balance as of Dec 27, 2023
Ray Young	Mar 29, 2023	4,106 shares, last reported balance as of Mar 27, 2023
Patrick Connor	Dec 16, 2022	33,357 shares, last reported balance as of Dec 14, 2022
Lori Marco	Dec 8, 2022	49,058 shares, last reported balance as of Dec 6, 2022
Jeffrey Frank	Dec 8, 2022	18,398 shares, last reported balance as of Dec 6, 2022
Wendy Watkins	Dec 8, 2022	20,182 shares, last reported balance as of Dec 6, 2022
Florence Makope	Dec 8, 2022	1,281 shares, last reported balance as of Dec 6, 2022
Terrell Crews	Dec 2, 2022	100,804 shares, last reported balance as of Aug 26, 2022
HORMEL FOUNDATION	Mar 30, 2022	256,433,116 shares, last reported balance as of Mar 28, 2022
Luis Marconi	Mar 8, 2022	39,089 shares, last reported balance as of Mar 7, 2022
Gary Jamison	Jan 12, 2022	22,867 shares, last reported balance as of Jan 10, 2022
Jana Haynes	Dec 20, 2021	24,793 shares, last reported balance as of Dec 17, 2021
Janet Hogan	Dec 9, 2021	14,652 shares, last reported balance as of Dec 7, 2021
James Sheehan	Dec 7, 2021	338,323 shares, last reported balance as of May 28, 2021
Glenn Leitch	Mar 8, 2021	137,001 shares, last reported balance as of Mar 5, 2021
Robert Nakasone	Dec 3, 2020	74,413 shares, last reported balance as of Jan 8, 2020
James Splinter	Jun 10, 2020	131,753 shares, last reported balance as of Jun 8, 2020
Thomas Day	Apr 7, 2020	283,124 shares, last reported balance as of Apr 3, 2020
Dakota Pippins	Feb 28, 2020	107,659 shares, last reported balance as of Feb 26, 2020
Larry Vorpahl	Jan 10, 2020	144,757 shares, last reported balance as of Jan 9, 2020
Glenn Forbes	Oct 9, 2019	46,402 shares, last reported balance as of Oct 8, 2019
Steven Binder	Jun 1, 2018	653,746 shares, last reported balance as of May 31, 2018
Donald Kremin	Dec 7, 2017	68,378 shares, last reported balance as of Sep 11, 2017
John Morrison	Oct 16, 2017	347,181 shares, last reported balance as of Oct 13, 2017
Jody Feragen	Dec 12, 2016	378,492 shares, last reported balance as of Oct 24, 2016
Bryan Farnsworth	Dec 8, 2016	44,988 shares, last reported balance as of Mar 18, 2016
Brian Johnson	Dec 8, 2016	67,307 shares, last reported balance as of Sep 27, 2016
Lawrence Lyons	Dec 8, 2016	35,488 shares, last reported balance as of Feb 19, 2016
Jeffrey Baker	Dec 8, 2016	20,782 shares, last reported balance as of Oct 26, 2015
Roland Gentzler	Feb 23, 2016	95,662 shares, last reported balance as of Feb 23, 2016
David Juhlke	Mar 18, 2014	63,055 shares, last reported balance as of Mar 17, 2014
Susan Marvin	Jan 2, 2014	303,287 shares, last reported balance as of Dec 31, 2013
William Snyder	Dec 5, 2013	149,688 shares, last reported balance as of Dec 10, 2012
Phillip Minerich	Nov 27, 2013	68,366 shares, last reported balance as of May 23, 2013
Ronald Fielding	Dec 21, 2012	245,760 shares, last reported balance as of Dec 20, 2012
Richard Bross	Dec 7, 2012	536,849 shares, last reported balance as of Dec 4, 2012
Kurt Mueller	Jul 9, 2012	149,065 shares, last reported balance as of Jul 5, 2012
Joseph Swedberg	Mar 7, 2012	110,183 shares, last reported balance as of Jan 17, 2012
Jeffrey Nuytten	Mar 7, 2012	9,857 shares, last reported balance as of Feb 27, 2012
Michael Mendes	Feb 9, 2012	13,500 shares, last reported balance as of Feb 1, 2012
Daniel Hartzog	Jan 17, 2012	52,794 shares, last reported balance as of Jan 13, 2012
Douglas Reetz	Jan 10, 2012	67,960 shares, last reported balance as of Jan 9, 2012
Bruce Schweitzer	Dec 12, 2011	66,825 shares, last reported balance as of Dec 9, 2011
Dennis Goettsch	Dec 8, 2011	52,796 shares, last reported balance as of Dec 2, 2011
Julie Craven	Dec 8, 2011	20,365 shares, last reported balance as of Dec 20, 2010
Michael Devine	Dec 8, 2011	45,038 shares, last reported balance as of Oct 15, 2010
James Schroeder	Dec 8, 2011	22,784 shares, last reported balance as of Jun 20, 2011
Whitney Velasco-Aznar	Dec 8, 2011	No balance on record
Steven Venenga	Dec 8, 2011	3,668 shares, last reported balance as of Nov 4, 2011
John Turner	Oct 4, 2011	142,596 shares, last reported balance as of Sep 30, 2011
Hugh Smith	Oct 4, 2011	53,240 shares, last reported balance as of Sep 30, 2011
Robert Tegt	Jun 30, 2011	102,008 shares, last reported balance as of Jun 28, 2011
Ronald Pearson	Feb 3, 2011	35,732 shares, last reported balance as of Feb 1, 2011
Michael Tolbert	Dec 20, 2010	94,120 shares, last reported balance as of Dec 16, 2010
James Cavanaugh	Dec 14, 2010	89,042 shares, last reported balance as of Dec 14, 2010
Gary Ray	Oct 20, 2009	904,696 shares, last reported balance as of Oct 13, 2009
Luella Goldberg	Oct 2, 2009	228,859 shares, last reported balance as of Sep 30, 2009
Larry Pfeil	Dec 4, 2008	13,284 shares, last reported balance as of Nov 27, 2007
Russell Potter	Feb 28, 2008	12,246 shares, last reported balance as of Feb 27, 2008
John Block	Oct 1, 2007	44,580 shares, last reported balance as of Sep 30, 2007
Peter Gillette Jr.	Jun 1, 2007	61,352 shares, last reported balance as of May 30, 2007
Michael McCoy	May 22, 2007	211,091 shares, last reported balance as of May 21, 2007
Robert Waller	Sep 8, 2006	26,742 shares, last reported balance as of Sep 8, 2006
Joel Johnson	Jun 5, 2006	731,944 shares, last reported balance as of Jun 2, 2006
John Allen	Jun 5, 2006	107,168 shares, last reported balance as of Jun 2, 2006
Forrest Dryden	Nov 9, 2005	172,752 shares, last reported balance as of Nov 7, 2005
Gary Paxton	May 13, 2005	131,804 shares, last reported balance as of May 12, 2005
James Jorgenson	Mar 3, 2005	67,320 shares, last reported balance as of Mar 2, 2005
Mahlon Schneider	Nov 17, 2004	171,534 shares, last reported balance as of Nov 15, 2004
Eric Brown	Dec 4, 2003	No balance on record
Ash Bhumbla		No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.

Hormel Foods insiders sold $817K in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Common questions

Is the Hormel Foods CEO selling stock?

Why are Hormel Foods insiders selling?

Are any Hormel Foods insiders buying?

How much of their stake did Hormel Foods insiders sell?

The evidence

No plan disclosed · $817K

Taxes

Purchases · 1 buyer (1 trade)

Sales by month