Form 4: HRB 2020 GST Trust Transfers Hamilton Beach Brands Shares to Rankin Associates HBB, L.P.
SEC Form 4 Filing
HRB 2020 GST Trust f/b/o Clara R. Butler reports a transaction involving the contribution of 60,254 Class B Common Stock shares of Hamilton Beach Brands Holding Co to Rankin Associates HBB, L.P.
Summary
- On March 12, 2024, HRB 2020 GST Trust f/b/o Clara R. Butler reported a transaction related to Hamilton Beach Brands Holding Co (HBB).
- The transaction involved the contribution of 60,254 shares of Class B Common Stock to Rankin Associates HBB, L.P. (RA HBB).
- The reporting person is a limited partner of RA HBB and has indirect beneficial ownership of the shares.
- Following the transaction, the reporting person beneficially owns 60,254 shares of Class A Common Stock indirectly.
- A Power of Attorney was executed on March 4, 2024, granting authority to several individuals to act on behalf of Clara R. Williams and related trusts for Section 16 filings.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This filing reflects changes in beneficial ownership, which is a routine part of corporate governance and investment management. It doesn't necessarily indicate a strategic shift but rather the ongoing management of assets within the trust and partnership structures.
Related Party Transactions
- The transaction involves a transfer of shares to Rankin Associates HBB, L.P., where the reporting person is a limited partner, indicating a related-party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it represents an internal transfer of shares within related entities.
Key Dates
| Date | Description |
|---|---|
| 1989-12-29 | Date of original trust agreement. |
| 2012-06-22 | Date of 2012 Clara R. Williams Trust U/A/D. |
| 2024-03-04 | Date of Power of Attorney execution. |
| 2024-03-12 | Date of the transaction (contribution of shares). |
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