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

The Claiborne R. Rankin Trust transferred 29,862 shares of Hamilton Beach Brands Class B Common Stock to Rankin Associates HBB, L.P. on March 12, 2024.

Summary

• On March 12, 2024, the Trust dated December 21, 2004, between Claiborne R. Rankin, as trustee, & Julia L. Rankin, creating a trust FBO Julia L. Rankin, reported a transaction involving Hamilton Beach Brands Holding Co.
• The transaction involved the contribution of 29,862 shares of Class B Common Stock to Rankin Associates HBB, L.P. ('RA HBB').
• The reporting person, Julia L. Rankin, is a limited partner of RA HBB and has indirect beneficial ownership of the shares through her proportionate LP interest.
• The transaction resulted in the reporting person beneficially owning 29,862 shares of Class A Common Stock following the reported transaction.

Sentiment

Score: 5

Explanation: This is a neutral transaction involving the transfer of shares for estate planning purposes, with no indication of positive or negative sentiment towards the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction reflects a change in the form of ownership for the reporting person, rather than a sale or purchase on the open market.

Related Party Transactions

• The transaction involves a transfer of shares to a limited partnership (Rankin Associates HBB, L.P.) in which the reporting person (Julia L. Rankin) 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 a change in the form of ownership rather than a change in the overall number of shares held by insiders.

Key Dates