Form 4: Seneca Foods CEO Gifts Class A Shares Under 10b5-1 Plan
Insider Transaction Report
Seneca Foods Corp's President and CEO, Paul Laurence Palmby, reported a gift of 1,000 Class A Common shares.
Summary
- Paul Laurence Palmby, President & CEO and Director of Seneca Foods Corp, reported a change in beneficial ownership.
- The transaction involved the disposition of 1,000 shares of Seneca Foods Class A Common stock.
- The disposition was a bona fide gift of securities, as indicated by transaction code 'G'.
- Following this transaction, Palmby directly owns 2,033 shares of Seneca Foods Class B Common and 22,098 shares of Seneca Foods Class A Common.
- The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.
Sentiment
Score: 5
Explanation: Neutral. A gift of shares by an insider is a routine transaction and does not inherently indicate positive or negative sentiment regarding the company's performance or prospects. It is a change in beneficial ownership, not a reflection of operational results.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 11/11/2025 | Date of the reported transaction and filing of the Statement of Changes in Beneficial Ownership. |
Keywords
Seneca Foods Corp, SENEA, Form 4, Insider Transaction, Paul Laurence Palmby, Stock Gift, Class A Common, Beneficial Ownership, CEO, Director, 10b5-1 plan
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