White Steven Andrew 4

What Happened

• Steven Andrew White, a director of Hormel Foods Corp. (HRL), reported a gift transaction on March 18, 2026. The Form 4 shows 5,405 shares disposed as a gift and a corresponding 5,405 shares acquired as a gift, each at $0.00 per share (total value reported $0). The paired dispose/acquire lines typically reflect an internal transfer (for example, between personal accounts, to a trust, or to family members) rather than a market sale or purchase.

Key Details

• Transaction date: 2026-03-18; Filing date: 2026-03-20 (filed within the common 2-business-day window).
• Transaction code: G (Gift). Price per share: $0.00; total reported cash value: $0.
• Filing shows both a disposition and an acquisition of 5,405 shares (same quantity). The filing excerpt provided does not state the amount of shares beneficially owned following the transaction.
• No indication of tax withholding, 10b5-1 plan, or option exercise in this report.

Context

• Gifts are not purchases and generally do not signal insider confidence or a change in investment view; they are often estate-planning or family transfers. Because the transaction involved no cash and was coded as a gift, it should be interpreted as a transfer of ownership rather than a market-based buy or sell.