Form 4: Rankin Family Trust Transfers Hamilton Beach Shares to Limited Partnership

The Matthew M Rankin & James T. Rankin Co-Trustees for Mary M. Rankin U/A/D May 10, 2007, reported a transaction involving the contribution of 7,636 shares of Hamilton Beach Brands Holding Co Class B Common Stock to Rankin Associates HBB, L.P.

Summary

• On March 12, 2024, the Matthew M Rankin & James T. Rankin Co-Trustees for Mary M. Rankin U/A/D May 10, 2007, transferred 7,636 shares of Hamilton Beach Brands Holding Co Class B Common Stock to Rankin Associates HBB, L.P. The reporting person is a limited partner of RA HBB.
• The transaction involved a contribution of Class B shares to Rankin Associates HBB, L.P. ('RA HBB').
• Following the transaction, the reporting person indirectly owns 7,636 shares of Class A Common Stock through a proportionate LP interest of shares held by RA HBB, L.P.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to changes in beneficial ownership of company stock, which is common for insiders and large shareholders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in the form of ownership of shares held by a significant shareholder.

Key Dates