Katherine M. Losness-Larson, Senior Vice President at Hormel Foods (NYSE:HRL), reported a large exercise of company stock options on September 20, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Losness-Larson, Senior Vice President at Hormel Foods, a company in the Consumer Staples sector, just exercised stock options worth 2,600 shares of HRL stock with an exercise price of $22.99.
Hormel Foods shares are trading up 0.7% at $38.7 at the time of this writing on Wednesday morning. Since the current price is $38.7, this makes Losness-Larson's 2,600 shares worth $100,620.