Trust linked to Hamilton Beach (NYSE: HBB) gifts 5,111 share rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co reported an insider Form 4 from the Griffin Bedwell Butler 2002 Trust DTD 11/5/2002. The trust made a bona fide gift transfer involving derivative securities tied to 5,111 shares of Class A Common Stock with no cash consideration. Following the transaction, the trust continues to indirectly hold 33,216 shares of Class B Common Stock through a proportionate limited partner interest in Rankin Associates HBB, L.P.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,111 shares gifted
Mixed
1 txn
Insider
Griffin Bedwell 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 — 33,216 shares (Indirect, Proportionate LP interest of shares held by Rankin Associates HBB, L.P.)
Footnotes (1)
- [object Object]
Key Figures
Gifted underlying shares: 5,111 shares
Transaction price per share: $0.0000
Indirect holdings after transaction: 33,216 shares
+2 more
5 metrics
Gifted underlying shares
5,111 shares
Underlying Class A Common Stock in bona fide gift
Transaction price per share
$0.0000
Bona fide gift, no cash consideration
Indirect holdings after transaction
33,216 shares
Class B Common Stock held indirectly post-transaction
Transaction date
2026-05-29
Form 4 reported transaction date
Transaction code
G
Classified as a bona fide gift disposition
Key Terms
bona fide gift, Class B Common Stock, Class A Common Stock, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_action is described as a gift transfer and transaction_code_description as Bona fide gift"
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 reported 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.
Class A Common Stock financial
"The underlying security title for the derivative is Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
indirect ownership financial
"Ownership type is reported as indirect with a proportionate LP interest"
limited partner interest financial
"nature_of_ownership notes a proportionate LP interest of shares held by Rankin Associates HBB, L.P."
FAQ
What insider transaction did Hamilton Beach (HBB) report in this Form 4?
Hamilton Beach reported a Form 4 showing the Griffin Bedwell Butler 2002 Trust made a bona fide gift transfer involving derivative securities tied to 5,111 Class A shares. This was a non-cash transaction reported as a gift disposition.
What type of security was gifted in the Hamilton Beach (HBB) Form 4?
The transaction involved derivative securities labeled as Class B Common Stock, convertible into 5,111 underlying Class A Common shares. It was coded as a bona fide gift, meaning the transfer occurred without cash consideration or an open-market sale.
How is the Hamilton Beach (HBB) ownership held in this Form 4?
Ownership is reported as indirect, with the trust’s interest described as a proportionate limited partner interest in Rankin Associates HBB, L.P. The trust’s 33,216 Class B shares are therefore held through this partnership structure rather than directly in the trust’s own name.