Form 4: Hamilton Beach Insider Reports Family Trust Transfers
Insider Ownership Change
Scott W. Seelbach, a member of a group at Hamilton Beach Brands Holding Co., reported indirect beneficial ownership changes related to family trusts, disclaiming personal beneficial ownership.
Summary
- Scott W. Seelbach, identified as a 'Member of a Group' at Hamilton Beach Brands Holding Co. (HBB), filed a Form 4.
- The filing reports changes in indirect beneficial ownership of Class B Common Stock, which is convertible into Class A Common Stock.
- The reported transactions occurred on December 5, 2025, and are coded as 'G V', typically indicating a gift or voluntary transfer.
- Shares are held indirectly through various trusts for the benefit of the reporting person's spouse and children.
- The reporting person explicitly disclaims beneficial ownership of all reported shares, indicating no direct personal economic interest.
- Specific indirect holdings following these transactions include: 29,107 shares for a trust benefiting the reporting person's spouse, 4,033 shares for a trust benefiting one child, 3,714 shares for another child's trust, and 5,199 shares for a third child's trust.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine insider ownership disclosure with a disclaimer of beneficial ownership, indicating no direct market action by the reporting person.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- Transfers of Class B Common Stock to trusts benefiting the reporting person's spouse and children are reported, with the reporting person disclaiming beneficial ownership of these shares.
Stakeholder Impact
- Shareholders: Provides transparency regarding indirect holdings of a 'Member of a Group' and related family trusts, but with no direct beneficial ownership claimed by the reporting person, suggesting minimal direct impact on company operations or strategy.
Key Dates
| Date | Description |
|---|---|
| 12/05/2025 | Date of earliest transaction reported, involving transfers of Class B Common Stock to family trusts. |
| 12/09/2025 | Date the Form 4 was signed by Brent A. Ashley, attorney-in-fact for Scott W. Seelbach. |
Keywords
Hamilton Beach Brands Holding Co, HBB, Form 4, Insider Trading, Beneficial Ownership, Trusts, Class B Common Stock, Class A Common Stock, Scott W. Seelbach
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