Form 4: Seaboard Corp: Seaboard Flour LLC and Affiliates Adjust Holdings in Common Stock

Seaboard Flour LLC and related entities report adjustments to their beneficial ownership of Seaboard Corp common stock due to distributions to equity holders.

Summary

• Seaboard Flour LLC and affiliated entities, including SFC Preferred, LLC, HAB Grandchildren's Trust A, SJB SEB LLC, The Wally Foundation, Inc., and SJB Residuary HAB 2011 Trust, have reported changes in their beneficial ownership of Seaboard Corp common stock.
• These changes are primarily due to distributions to equity holders in exchange for equity in the distributing entity.
• On October 9, 2023, Seaboard Flour LLC disposed of 100,856 shares at $364,969.69 and 6,901 shares at $3,162.5, while SFC Preferred, LLC disposed of 75,296 shares at $352,826.55 and 6,671 shares at $3,162.5.
• Following these transactions, Seaboard Flour LLC beneficially owns 358,068.69 shares indirectly, SFC Preferred, LLC owns 346,155.55 shares indirectly, HAB Grandchildren's Trust A owns 1,775 shares indirectly, SJB SEB LLC owns 4,661 shares indirectly, The Wally Foundation, Inc. owns 1,820 shares indirectly, and SJB Residuary HAB 2011 Trust owns 1,560 shares indirectly.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting transactions without expressing any positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by significant shareholders and insiders, which is common in publicly traded companies. It provides transparency to the market regarding the holdings and transactions of these individuals and entities.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency regarding insider transactions.
• Similar filings are made by insiders of companies like Archer Daniels Midland (ADM) and Bunge Limited (BG) when they have changes in their beneficial ownership.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the actions of major stakeholders.
• The impact on employees, customers, suppliers, and creditors is likely minimal, as the transactions do not directly affect the company's operations.

Key Dates