Form 4: Seneca Foods Director Kraig H. Kayser Reports Stock Gift and Beneficial Ownership
SEC Form 4 Filing
Director Kraig H. Kayser reports a gift transaction involving Seneca Foods Class B Common stock and updates beneficial ownership holdings.
Summary
- Kraig H. Kayser, a director of Seneca Foods Corp, filed a Form 4 detailing changes in beneficial ownership.
- On August 27, 2024, Kayser gifted 16,883 shares of Seneca Foods Class B Common stock at a price of $61.25 per share.
- Following the transaction, Kayser directly owns 68,928 shares of Class A Common stock, 130,156 shares of Class B Common stock, 32,168 shares of Class A Series A Preferred stock, and 91,400 shares of Class A Series B Preferred stock.
- Kayser also indirectly owns 3,475 shares of Class A Common stock and 840 shares of Class B Common stock through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock gift, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 2024-02-08 | Date of Power of Attorney execution. |
| 2024-08-27 | Date of stock gift transaction. |
| 2024-08-28 | Date of signature on the Form 4 filing. |
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