Form 4: Hamilton Beach Brands Holding Co: John C Butler Jr. Reports Changes in Beneficial Ownership

John C Butler Jr., a Director and Member of a Group at Hamilton Beach Brands Holding Co, reports changes in beneficial ownership of Class A and Class B Common Stock due to contributions to Rankin Associates HBB, L.P.

Summary

• On March 12, 2024, John C Butler Jr., a Director and Member of a Group at Hamilton Beach Brands Holding Co, filed a Form 4.
• The report details changes in beneficial ownership of Class A and Class B Common Stock.
• Butler contributed Class B shares to Rankin Associates HBB, L.P. (RA HBB).
• These contributions involve trusts for the benefit of Butler's spouse and children, where Butler's spouse acts as trustee.
• Butler disclaims beneficial ownership of shares held by these trusts.
• The transactions resulted in Butler indirectly owning 137,378 Class A Common Stock through an Individual Retirement Account.
• Additionally, Butler indirectly owns 18,417 Class A Common Stock through his spouse's proportionate interest in RA HBB held by a trust for their child.
• Butler indirectly owns 18,105 Class A Common Stock through his spouse's proportionate interest in RA HBB held by a trust for their child.
• Butler indirectly owns 20,096 Class A Common Stock through his spouse's proportionate interest in RA HBB held by BTR 2020 GST for Helen R. Butler.
• Butler indirectly owns 8,107 Class A Common Stock through his spouse's proportionate interest in RA HBB held by JCB 2020 GST for Clara R. Butler.
• Butler indirectly owns 8,107 Class A Common Stock through his spouse's proportionate interest in RA HBB held by JCB 2020 GST for Griffin Butler.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects changes in ownership structure but doesn't provide insights into the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates changes in beneficial ownership but doesn't necessarily reflect a change in the company's financial health or strategic direction.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates