Form 4: Seneca Foods Director Kraig H. Kayser Reports Gift of Shares and Updates Beneficial Ownership

Director Kraig H. Kayser reports a gift of Seneca Foods shares to a tax-exempt organization and updates holdings, including those in a 401(k) plan.

Summary

• Kraig H. Kayser, a director of Seneca Foods Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates a gift of 7,815 shares of Class A Common stock to a tax-exempt organization on February 18, 2025.
• The filing also reflects holdings in Seneca Foods Corporation Class B Common, Class A Series A Preferred, Class A Series B Preferred, and holdings within a 401(k) plan.
• The holdings in the 401(k) plan include 3,475 shares of Class A Common stock and 840 shares of Class B Common stock.
• The report also includes an updated power of attorney, effective February 8, 2024, authorizing John D. Exner, Gregory R. Ide, and Michael C. Donlon to act on Kayser's behalf for SEC filings.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their holdings and transactions in the company's stock.

Stakeholder Impact

• The gift of shares may have a minor impact on shareholders due to the change in ownership structure.
• The updated power of attorney ensures continued compliance with SEC regulations.

Key Dates