Clara Rankin Butler 2002 Trust (HBB) gifts 5,111 Class B shares, 32,904 left
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clara Rankin Butler 2002 Trust, reporting as a member of a group, reported a bona fide gift of 5,111 shares of Class B common stock of Hamilton Beach Brands Holding Co. The gifted position was held indirectly through Rankin Associates HBB, L.P. After the transfer, 32,904 shares remain indirectly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,111 shares gifted
Mixed
1 txn
Insider
Clara Rankin Butler 2002 Trust DTD 11/5/2002
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 5,111 | $0.00 | -- |
Holdings After Transaction:
Class B Common Stock — 32,904 shares (Indirect, Proportionate LP interest of shares held by Rankin Associates HBB, L.P.)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 5,111 shares
Shares remaining after transaction: 32,904 shares
Gift transaction price: $0.00 per share
+2 more
5 metrics
Gifted shares
5,111 shares
Bona fide gift of Class B Common Stock
Shares remaining after transaction
32,904 shares
Indirect holdings following gift
Gift transaction price
$0.00 per share
Non-cash gift transfer
Gift transaction code
Code G
Bona fide gift classification
Gift shares summary
5,111 shares
GiftShares in transaction summary
Key Terms
bona fide gift, Class B Common Stock, indirect ownership, underlying security, +1 more
5 terms
bona fide gift financial
"The transaction code G is described as a bona fide gift transfer."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Class B Common Stock financial
"The security title for the transaction is Class B Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
indirect ownership financial
"Ownership type is reported as indirect through a limited partnership interest."
underlying security financial
"The underlying security title is identified as Class A Common Stock."
member of a group regulatory
"The reporting person is described as a Member of a Group."
FAQ
What insider transaction did the Clara Rankin Butler 2002 Trust report for HBB?
The Clara Rankin Butler 2002 Trust reported a bona fide gift of 5,111 shares of Hamilton Beach Brands Class B common stock. The shares were held indirectly through Rankin Associates HBB, L.P., and the transaction is classified as a non-market gift transfer, not a sale.
How is the HBB ownership described for the Clara Rankin Butler 2002 Trust?
Ownership is reported as indirect through Rankin Associates HBB, L.P., based on a proportionate limited-partnership interest. The Form 4 indicates the trust’s interest in shares held by the partnership, rather than direct personal ownership of Hamilton Beach Brands stock certificates.
Does the HBB Form 4 indicate any option exercises or cash transactions?
The Form 4 does not show any option exercises or cash purchases or sales. It records a derivative-type entry reflecting a bona fide gift transfer at a reported price per share of $0.00, which is consistent with a non-cash charitable or personal gifting transaction.