Form 4: Seneca Foods CFO Gifts Class B Shares
Insider Transaction Report
Seneca Foods' SVP, CFO & Treasurer, Michael S. Wolcott, gifted 320 shares of Class B common stock valued at $108.51 per share.
Summary
- Michael S. Wolcott, the Senior Vice President, Chief Financial Officer, and Treasurer of Seneca Foods Corp., reported a disposition of 320 shares of Class B Common Stock.
- The transaction, identified as a gift (Code G), occurred on August 25, 2025.
- The price per share for the gifted stock was $108.51, which was the closing price of Seneca Foods Corporation Class B common stock on the date of the gift.
- Following this transaction, Mr. Wolcott directly holds 9,781 shares of Seneca Foods Class A Common, 15,835 shares of Seneca Foods Class B Common, and 40,844 shares of Seneca Foods 6% Preferred Stock.
- Mr. Wolcott also indirectly holds 633 shares of Seneca Foods Class A Common and 167 shares of Seneca Foods Class B Common through a 401(k) Plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider gift transaction, which is generally neutral in terms of company performance or outlook.
Future Outlook
The filing is a disclosure of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
This Form 4 filing is a routine disclosure of an insider's personal stock transaction and does not provide information relevant to broader industry trends or competitive positioning within the food processing sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization for SEC Filings | A Power of Attorney, executed on February 9, 2023, grants John D. Exner, Gregory R. Ide, and Michael C. Donlon the authority to prepare, execute, and submit Forms ID, 3, 4, and 5 to the SEC on behalf of Michael S. Wolcott, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 02/09/2023 | This ensures efficient and compliant reporting of insider transactions for the named officer. |
Stakeholder Impact
- Shareholders: The transaction represents a minor change in the beneficial ownership of a key executive, with minimal direct impact on the company's overall share structure or valuation.
- Recipient of Gift: The recipient of the gifted shares benefits from the transfer of equity.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Date of execution for the Power of Attorney granting authority to file Section 16 reports. |
| 08/25/2025 | Date of the reported gift transaction of Class B Common Stock. |
| 08/27/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Seneca Foods, SENEA, Form 4, Insider Transaction, Stock Gift, Michael S. Wolcott, Class B Common Stock
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