Director at Hamilton Beach (NYSE: HBB) receives 1,581-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RANKIN THOMAS T reported acquisition or exercise transactions in this Form 4 filing.
Hamilton Beach Brands Holding Co director Thomas T. Rankin received an award of 1,581 shares of Class A Common Stock on April 1, 2026. The shares were granted at no cost as “Required Shares” under the company’s Non-Employee Directors' Equity Compensation Plan to a trust for his benefit, bringing that trust’s holdings to 190,288 shares.
The Form 4 also lists additional indirect holdings, including shares held by his spouse and several trusts for family members and an estate. The filing states that Rankin disclaims beneficial ownership of all such shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
RANKIN THOMAS T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 1,581 | $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 — 190,288 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
Equity award: 1,581 shares
Trust holdings for Thomas T. Rankin: 190,288 shares
Spouse indirect holdings: 6,444 shares
+4 more
7 metrics
Equity award
1,581 shares
Required Shares grant on April 1, 2026
Trust holdings for Thomas T. Rankin
190,288 shares
Class A Common Stock held indirectly after award
Spouse indirect holdings
6,444 shares
Class A Common Stock held by spouse
James T. Rankin GST trust
780 shares
BTR 2020 GST trust holdings
Matthew M. Rankin GST trust
780 shares
BTR 2020 GST trust holdings
Thomas P.K. Rankin GST trust
780 shares
BTR 2020 GST trust holdings
Estate of Alfred M. Rankin trusts
5,322 shares
Trusts for benefit of the estate
Key Terms
Non-Employee Directors' Equity Compensation Plan, Required Shares, Class A Common Stock, beneficial ownership, +1 more
5 terms
Non-Employee Directors' Equity Compensation Plan financial
"awarded to the Reporting Person as "Required Shares" under the Company's Non-Employee Directors' Equity Compensation Plan"
Class A Common Stock financial
"Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares""
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.
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 T. Rankin"
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.
FAQ
What insider transaction did Hamilton Beach (HBB) report for Thomas T. Rankin?
The filing reports an acquisition of 1,581 Class A Common shares as an equity award, not an open-market trade. The shares were granted at no cost under the Non-Employee Directors' Equity Compensation Plan to a trust for Rankin’s benefit.
Was the Hamilton Beach (HBB) Form 4 transaction a market purchase or sale?
The Form 4 shows an award-type acquisition coded as a grant, not an open-market purchase or sale. Shares were received as Required Shares under the Non-Employee Directors' Equity Compensation Plan, with a reported price per share of zero dollars.