Form 4: David B. Williams Reports Changes in Beneficial Ownership of Hamilton Beach Brands Holding Co. Shares

David B. Williams, a member of a group, reports contributions of Class B Common Stock to Rankin Associates HBB, L.P. on March 12, 2024, resulting in indirect beneficial ownership of Class A Common Stock.

Summary

• On March 12, 2024, David B. Williams reported changes in his beneficial ownership of Hamilton Beach Brands Holding Co. shares.
• The transactions involved contributions of Class B Common Stock to Rankin Associates HBB, L.P. (RA HBB).
• These contributions resulted in indirect beneficial ownership of Class A Common Stock through various trusts and partnerships.
• The reporting person disclaims beneficial ownership of all such shares.
• The transactions involved contributions of 60,254 Class B shares for each of the CRW 2020 GST trusts for the benefit of Helen C. Williams and Margo JV Williams, HRB 2020 GST trusts for the benefit of Clara R. Butler and Griffin B. Butler.
• A contribution of 20,096 Class B shares to RA HBB was made for the BTR 2020 GST fbo Clara R. Williams.
• A contribution of 137,378 Class B shares to RA HBB was made for a trust for the benefit of the reporting person's spouse.
• Contributions of 19,150 and 21,900 Class B shares to RA HBB were made for trusts for the benefit of the reporting person's children.
• 13,273 Class B shares were contributed to RA HBB from the David B. H. Williams Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership, which is a common occurrence among corporate insiders and large shareholders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the changes in ownership structure, but the reporting person disclaims beneficial ownership.

Key Dates