Form 4: Hamilton Beach Brands Holding Co. Insider Transactions: Rankin Family Trusts and Holdings
Insider Transaction Filing
This document details the stock transactions of Alfred M. Rankin and related trusts, including conversions between Class A and Class B common stock.
Summary
- This filing reports transactions by Alfred M. Rankin and related trusts involving Hamilton Beach Brands Holding Co. stock.
- The transactions include the conversion of Class A common stock to Class B common stock and vice versa.
- Alfred M. Rankin serves as trustee for several trusts benefiting family members, including Alfred M. Rankin, Jr., Bruce T. Rankin, and Victoire G. Rankin.
- The filing also details holdings in individual retirement accounts and proportionate interests through Rankin Associates HBB, L.P.
- A total of 64,695 Class A shares were exchanged for Class B shares, and 64,695 Class B shares were exchanged for Class A shares.
- The transactions are related to the terms of the Stockholders' Agreement dated September 29, 2017, as amended.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider transactions, with no indication of positive or negative sentiment.
Management Comments
- Reporting Person disclaims beneficial ownership of all such shares.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the stock holdings and activities of key individuals and related entities.
Comparison to Industry Standards
- The reporting of insider transactions is a standard practice for publicly traded companies, as mandated by securities regulations.
- Similar filings are made by insiders of other companies, such as those in the consumer goods sector, to disclose their stock transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are primarily internal stock conversions.
- The filing provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2017-09-29 | Date of the Stockholders' Agreement, as amended, governing the stock conversions. |
| 2024-12-06 | Date of the reported transactions. |
| 2024-12-09 | Date of some of the reported transactions. |
| 2024-12-10 | Date the filing was signed by attorney-in-fact. |
Keywords
Hamilton Beach Brands, Insider Transactions, Stock Conversion, Class A Common Stock, Class B Common Stock, Trusts, Rankin, 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.