Form 4: JCB 2020 GST Trust Transfers Hamilton Beach Brands Shares to Rankin Associates HBB, L.P.

JCB 2020 GST Trust f/b/o Griffin B. Butler reports a transaction involving the contribution of 8,107 Class B Common Stock shares of Hamilton Beach Brands Holding Co to Rankin Associates HBB, L.P.

Summary

• On March 12, 2024, JCB 2020 GST Trust f/b/o Griffin B. Butler reported a transaction involving Hamilton Beach Brands Holding Co [HBB].
• The transaction involved the contribution of 8,107 Class B Common Stock shares to Rankin Associates HBB, L.P. ('RA HBB').
• The reporting person, JCB 2020 GST Trust f/b/o Griffin B. Butler, is a limited partner of RA HBB and therefore has indirect beneficial ownership of the shares.
• Following the transaction, the reporting person beneficially owns 8,107 Class A Common Stock shares indirectly through their proportionate LP interest in RA HBB.
• A Power of Attorney was executed, granting authority to Lawrence K. Workman, Jr., Brent A. Ashley, Valerie Van Dyke, Jessica Savage, Eric Orsic and Andrew C. Thomas to act on behalf of Helen Rankin Butler and related trusts for Section 16 filings.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to a transfer of shares. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing reflects internal transactions related to beneficial ownership and does not necessarily indicate a change in the company's overall financial health or strategic direction.

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.

Key Dates