Form 4: Hamilton Beach Brands Holding Co: Insider Transaction Details
Insider Transaction Filing
Thomas T. Rankin, a member of a group, reports multiple transactions involving Class A and Class B common stock of Hamilton Beach Brands Holding Co.
Summary
- Thomas T. Rankin, a member of a group, has filed a Form 4 detailing several transactions involving Hamilton Beach Brands Holding Co. stock.
- The transactions include the acquisition and disposition of both Class A and Class B common stock.
- Many of the holdings are through various trusts where Mr. Rankin serves as trustee, benefiting himself, his spouse, and his children.
- A significant portion of the holdings are proportionate interests in Rankin Associates, HBB, L.P.
- Some Class A shares were exchanged for Class B shares, and vice versa, according to a Stockholders' Agreement dated September 29, 2017.
- Mr. Rankin disclaims beneficial ownership of all such shares.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no indication of positive or negative sentiment. It is a routine filing.
Management Comments
- Reporting Person disclaims beneficial ownership of all such shares.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the United States, as mandated by the Securities and Exchange Commission (SEC).
- The level of detail provided in this filing is consistent with what is expected for insider transaction disclosures.
- Similar filings can be seen from other companies such as Whirlpool Corporation and Newell Brands, which also have insiders reporting their transactions.
Stakeholder Impact
- This filing provides transparency to shareholders regarding insider transactions.
- The transactions do not appear to have any immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2017-09-29 | Date of the Stockholders' Agreement referenced in the filing. |
| 2024-12-06 | Date of a transaction involving the disposition of 14,013 Class A shares. |
| 2024-12-09 | Date of a transaction involving the acquisition of 20,000 Class A shares. |
| 2024-12-10 | Date the form was signed by Brent A. Ashley, attorney-in-fact. |
Keywords
Hamilton Beach Brands Holding Co, Insider Trading, Form 4, Class A Common Stock, Class B Common Stock, Trust, Rankin Associates, Stockholders' Agreement
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.