Form 4: Seneca Foods CFO Reports Gift of Class B Shares

Sentiment:

Insider Transaction Report 1 April 2026 5:09 PM

Seneca Foods' SVP, CFO & Treasurer, Michael S. Wolcott, reported a gift of 250 Class B Common shares at a price of $148.03 per share.

Summary

Michael S. Wolcott, SVP, CFO & Treasurer of Seneca Foods Corp, reported a change in beneficial ownership.
On March 31, 2026, Wolcott disposed of 250 shares of Seneca Foods Class B Common Stock through a gift transaction.
The price per share for the gift was $148.03, based on the closing price of Seneca Foods Corporation Class B common stock on the transaction date.
Following this transaction, Wolcott directly owns 9,781 Class A Common, 16,085 Class B Common, and 40,844 6% Preferred shares.
Wolcott also indirectly owns 633 Class A Common and 167 Class B Common shares through the Seneca Foods Corporation Stock Fund under a 401(k) Plan.
The 401(k) holdings fluctuate daily and include additional units acquired in connection with elective deferrals and company matching contributions, which are exempt from reporting under Rule 16a-3(f)(1)(i)(B).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine insider transaction reporting a gift of shares, which is neutral in sentiment as it does not reflect a sale for cash or a significant change in overall beneficial ownership.

Future Outlook

Industry Context

StockSavvy.ai notes that insider transactions, such as gifts, are routine disclosures and typically do not reflect broader industry trends unless they are part of a larger pattern of insider activity across the sector.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Power of Attorney Grant	Michael S. Wolcott granted Power of Attorney to Gregory Ide, Michael Donlon, and Jennifer Foster to prepare, execute, and file SEC forms (including Forms 3, 4, 5) and manage EDGAR account activities on his behalf.	August 5, 2025	Streamlines the process for the reporting person to comply with SEC filing requirements, ensuring timely and accurate disclosures.

Stakeholder Impact

Shareholders: Minimal impact, as a gift transaction by an insider is a routine disclosure and does not significantly alter the company's operational or financial outlook.

Key Dates

Date	Description
August 5, 2025	Execution date of the Power of Attorney by Michael S. Wolcott.
March 31, 2026	Date of the gift transaction for Seneca Foods Class B Common Stock.
April 1, 2026	Date the Form 4 was signed by the Attorney in Fact.

Recommendation

hold

The filing details a routine insider gift transaction, which does not provide sufficient new information to alter an investment thesis. The overall beneficial ownership of the insider remains substantial, and the transaction itself is not indicative of a change in company fundamentals or strategic direction.

Keywords

Seneca Foods, SENEA, Form 4, insider transaction, beneficial ownership, stock gift, CFO, corporate governance

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