Hamilton Beach (NYSE: HBB) director reports indirect Class B share gift
Rhea-AI Filing Summary
Hamilton Beach Brands Holding Co director Thomas T. Rankin filed a Form 4 detailing mainly indirect holdings of Class B Common Stock tied to various family trusts and partnership interests. The filing also reports a bona fide gift of 14,284 shares of Class B Common Stock (underlying Class A) on 2026-05-29 from a trust for his benefit, leaving that trust with 78,358 shares indirectly attributed to him. All reported positions are indirect, and a footnote states that Rankin disclaims beneficial ownership of all such shares.
Positive
- None.
Negative
- None.
Insights
Form 4 shows an indirect, non-market gift and updated holdings.
This Form 4 for Hamilton Beach Brands Holding Co discloses a bona fide gift of 14,284 Class B Common shares tied to a trust benefiting Thomas T. Rankin. The transaction is coded as a gift, not an open-market sale or purchase.
Following the gift, that trust shows 78,358 Class B shares remaining, while multiple other indirect interests through limited partnerships and trusts are also listed. A footnote notes that Rankin disclaims beneficial ownership of all such shares, emphasizing the indirect nature of these positions.
Insider Trade Summary
14,284 shares gifted
Gift
10 txns
Insider
RANKIN THOMAS T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class B Common Stock | 14,284 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 78,358 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by a Trust fbo Reporting Person);
Class B Common Stock — 3,950 shares (Indirect, Proportionate GP interest in shares of Rankin Associates, HBB, L.P. held by Rankin Management, Inc.);
Class B Common Stock — 18,861 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by BTR 2012 GST for James T. Rankin);
Class B Common Stock — 18,861 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by BTR 2012 GST for Mathew M. Rankin);
Class B Common Stock — 18,861 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by BTR 2012 GST for Thomas PK Rankin);
Class B Common Stock — 20,096 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by BTR 2020 GST fbo James T. Rankin);
Class B Common Stock — 20,096 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by BTR 2020 GST fbo Matthew M. Rankin);
Class B Common Stock — 20,096 shares (Indirect, Proportionate LP interest of RA HBB, L.P. held by BTR 2020 GST fbo Thomas PK Rankin);
Class B Common Stock — 155,778 shares (Indirect, Reporting Person serves as Trustee of a Trust for the benefit of Thomas T. Rankin);
Class B Common Stock — 213,800 shares (Indirect, Proportionate LP interest of RA HBB, LP held by Trusts fbo Reporting Person?s Spouse)
Footnotes (2)
- F1. N/A
- F2. Reporting Person disclaims beneficial ownership of all such shares.
Key Figures
Gifted shares: 14,284 shares
Shares remaining in gifting trust: 78,358 shares
Indirect LP interest (spouse trusts): 213,800 shares
+4 more
7 metrics
Gifted shares
14,284 shares
Bona fide gift of Class B Common Stock on 2026-05-29
Shares remaining in gifting trust
78,358 shares
Total Class B shares in trust for Reporting Person after gift
Indirect LP interest (spouse trusts)
213,800 shares
Class B shares via RA HBB, L.P. for spouse’s trusts
Indirect trustee holding
155,778 shares
Class B shares in trust for Thomas T. Rankin as trustee
Indirect LP interest (BTR 2020 GST)
20,096 shares
Class B shares for each of Thomas PK, Matthew M., James T. Rankin
Indirect LP interest (BTR 2012 GST)
18,861 shares
Class B shares for each of Thomas PK, Matthew M., James T. Rankin
Indirect GP interest
3,950 shares
Class B shares via Rankin Management, Inc. GP interest in RA HBB, L.P.
Key Terms
bona fide gift, Class B Common Stock, indirect ownership, beneficial ownership, +1 more
5 terms
bona fide gift financial
"transaction code description identifies the disposition as a 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
"Each transaction lists the security title 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.
indirect ownership financial
"All entries show ownership_type marked as indirect with code I."
beneficial ownership financial
"A footnote states that the Reporting Person disclaims beneficial ownership."
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.
limited partnership interest financial
"Several positions are described as proportionate LP interests of RA HBB, L.P."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did HBB director Thomas T. Rankin report?
Thomas T. Rankin reported a bona fide gift of 14,284 shares of Hamilton Beach Brands Class B Common Stock on 2026-05-29. The gift was made from a trust for his benefit and is classified as a non-market, indirect disposition.