Director tied to Hamilton Beach (NYSE: HBB) receives 1,431-share trust award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co director Thomas T. Rankin reported an indirect award of 1,431 shares of Class A Common Stock to a trust he serves as trustee. The shares were acquired at a price of $0.00 as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan.
After this compensation-related grant, the trust for the benefit of Thomas T. Rankin holds 191,719 shares. Additional indirect holdings are reported through various trusts and his spouse, and Rankin disclaims beneficial ownership of all such shares, highlighting that these positions are attributed to related entities rather than to him personally.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
RANKIN THOMAS T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,431 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 191,719 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Thomas T. Rankin)
Footnotes (1)
- Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares" under the Company's Non-Employee Directors' Equity Compensation Plan. N/A Reporting Person disclaims beneficial ownership of all such shares.
Key Figures
Awarded shares: 1,431 shares
Trust holdings after award: 191,719 shares
Estate-related trust holdings: 5,322 shares
+2 more
5 metrics
Awarded shares
1,431 shares
Grant of Class A Common Stock at $0.00 as Required Shares
Trust holdings after award
191,719 shares
Class A shares held by trust for benefit of Thomas T. Rankin
Estate-related trust holdings
5,322 shares
Class A shares in trusts for the benefit of the Estate of Alfred M. Rankin
Spouse holdings
6,444 shares
Class A shares held by spouse, reported as indirect ownership
Individual GST trust example
780 shares
Class A shares in BTR 2020 GST for the benefit of one named beneficiary
Key Terms
Non-Employee Directors' Equity Compensation Plan, Required Shares, beneficial ownership, trustee, +1 more
5 terms
Non-Employee Directors' Equity Compensation Plan financial
"under the Company's Non-Employee Directors' Equity Compensation Plan."
beneficial ownership financial
"Reporting Person disclaims beneficial ownership of all such shares."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
trustee financial
"Reporting Person serves as Trustee of a Trust for the benefit of Thomas"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
indirect ownership financial
"ownership_type":"indirect","ownership_code":"I""
FAQ
What insider transaction did Thomas T. Rankin report for Hamilton Beach (HBB)?
Thomas T. Rankin reported an indirect award of 1,431 Class A shares to a trust he oversees. The shares were granted at $0.00 as “Required Shares” under Hamilton Beach’s Non-Employee Directors’ Equity Compensation Plan, reflecting routine director equity compensation rather than an open-market trade.