Hamilton Beach Brands (NYSE: HBB) insider reports bona fide gift of 5,111 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co reporting person Clara R. Butler reported a bona fide gift of 5,111 shares of Class B Common Stock held indirectly. The transaction carried a price of $0.00 per share and reflects a transfer rather than a market sale. Following the gift, 32,904 shares of the related interest remain indirectly held, with the position tied to a proportional interest in Rankin Associates HBB, L.P. through a trust for Butler’s benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,111 shares gifted
Mixed
1 txn
Insider
Butler Clara R
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, Proportional interest in Rankin Associates HBB, L.P. held by a trust f.b.o the Reporting Person)
Footnotes (1)
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Key Figures
Gifted shares: 5,111 shares
Gift price: $0.00 per share
Indirect shares after transaction: 32,904 shares
+1 more
4 metrics
Gifted shares
5,111 shares
Bona fide gift of Class B Common Stock
Gift price
$0.00 per share
Reported transaction price for gifted shares
Indirect shares after transaction
32,904 shares
Total Class B Common Stock indirectly held after gift
Underlying Class A shares
5,111 shares
Underlying Class A Common Stock tied to derivative
Key Terms
bona fide gift, Class B Common Stock, underlying security, indirect ownership, +1 more
5 terms
bona fide gift financial
"The transaction code is described as a bona fide gift of shares."
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 reported security is identified as 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.
underlying security financial
"The filing lists underlying security shares of Class A Common Stock."
indirect ownership financial
"Ownership is reported as indirect through a proportional partnership interest."
proportional interest financial
"The trust holds a proportional interest in Rankin Associates HBB, L.P."
FAQ
What insider transaction did Clara R. Butler report for Hamilton Beach Brands (HBB)?
Clara R. Butler reported a bona fide gift of 5,111 shares of Class B Common Stock. The transfer was recorded at $0.00 per share and represents a non-market disposition rather than an open-market sale or purchase.
Was the Hamilton Beach Brands (HBB) insider transaction a market sale or purchase?
The transaction was not a market sale or purchase; it was a bona fide gift. Shares were transferred at $0.00 per share, meaning no cash consideration changed hands in this disposition.
What is Clara R. Butler’s indirect holding in Hamilton Beach Brands (HBB) after the gift?
After the reported gift transaction, 32,904 shares remain indirectly held. This position reflects a proportional interest in Rankin Associates HBB, L.P. held through a trust for the benefit of the reporting person.
What does the ‘bona fide gift’ code mean in the Hamilton Beach Brands (HBB) Form 4?
The ‘G’ transaction code with description ‘bona fide gift’ means the shares were transferred as a genuine gift. It indicates a disposition without payment, distinct from open-market selling or tax-withholding transactions.