Hamilton Beach director granted 2,062 shares
RANKIN ALFRED M ET AL reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
RANKIN ALFRED M ET AL reported acquisition or exercise transactions in this Form 4 filing.
Hamilton Beach Brands Holding Co director group member Alfred M. Rankin reported a compensation-related stock award rather than an open-market trade. A trust for his benefit received 2,062 shares of Class A Common Stock at no cost as “Required Shares” under the company’s Non-Employee Directors’ Equity Compensation Plan, and he disclaims beneficial ownership of these shares.
Following this grant, a trust for his benefit is shown with 368,479 indirect shares, and additional indirect holdings include 14,160 shares in an Individual Retirement Account and trusts with 11,076 and 69,872 shares for other family beneficiaries. The filing reflects routine equity compensation and updated indirect positions, with no reported open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 2,062 shares
Grant/Award
4 txns
Insider
RANKIN ALFRED M ET AL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,062 | $0.00 | $0.00 |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 368,479 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.);
Class A Common Stock — 14,160 shares (Indirect, Held in an Individual Retirement Account for the benefit of the Reporting Person.);
Class A Common Stock — 11,076 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Bruce T. Rankin);
Class A Common Stock — 69,872 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin)
Footnotes (3)
- F1. Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares" under the Company's Non-Employee Directors' Equity Compensation Plan.
- F2. N/A
- F3. Reporting Person disclaims beneficial ownership of all such shares.
Key Figures
Equity award: 2,062 shares Class A Common Stock
Trust holding for Alfred M. Rankin benefit: 368,479 shares
IRA holding: 14,160 shares
+2 more
5 metrics
Equity award
2,062 shares Class A Common Stock
Required Shares under Non-Employee Directors’ Equity Compensation Plan, awarded at $0.0000 per share
Trust holding for Alfred M. Rankin benefit
368,479 shares
Indirect Class A Common Stock position following the reported award
IRA holding
14,160 shares
Class A Common Stock held in an Individual Retirement Account for the reporting person
Trust holding for Bruce T. Rankin
11,076 shares
Indirect Class A Common Stock where reporting person serves as trustee
Trust holding for Victoire G. Rankin
69,872 shares
Indirect Class A Common Stock where reporting person serves as trustee
Key Terms
Non-Employee Directors' Equity Compensation Plan, Required Shares, Individual Retirement Account, beneficial ownership
4 terms
Non-Employee Directors' Equity Compensation Plan financial
"Shares of Class A Common Stock awarded ... under the Company's Non-Employee Directors' Equity Compensation Plan."
Individual Retirement Account financial
"Held in an Individual Retirement Account for the benefit of the Reporting Person."
A tax-advantaged retirement account owned by an individual that holds investments such as stocks, bonds, mutual funds or cash and is governed by rules about how much can be contributed and when money can be withdrawn. It matters to investors because the account’s specific tax rules and withdrawal limits affect how savings grow and when taxes are paid; think of it as a labeled box for retirement money that comes with special tax treatment and rules about when you can open it.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did RANKIN ALFRED M ET AL report for HBB?
The filing shows a grant of 2,062 Class A Common shares to a trust for Alfred M. Rankin’s benefit at no cost. These are “Required Shares” under Hamilton Beach’s Non-Employee Directors’ Equity Compensation Plan and reflect routine director compensation, not an open-market purchase or sale.
Is the Hamilton Beach (HBB) Form 4 transaction a buy or a sale?
The Form 4 reports an acquisition via an equity award, not an open-market buy or sale. A trust for Alfred M. Rankin’s benefit received 2,062 Class A Common shares as compensation, and the reporting person disclaims beneficial ownership of these awarded shares in the footnotes.
What is the significance of the Non-Employee Directors’ Equity Compensation Plan for HBB?
The plan provides equity awards, such as the 2,062 “Required Shares” of Class A stock granted to a Rankin-related trust. These shares are awarded at no cost as part of director compensation, aligning board members’ interests with shareholders through stock rather than cash-only remuneration.
Are there any derivative securities or option exercises in this HBB Form 4?
The data shows no derivative transactions or option exercises, only common stock entries. The filing lists one equity award of 2,062 Class A shares and several indirect holding lines, with derivativeSummary indicating zero remaining derivative positions reported in this particular Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
