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Seneca Foods (SENEA) CEO Palmby makes bona fide gift of 914 Class A shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Seneca Foods Corp director and President & CEO Paul Laurence Palmby reported a bona fide gift of 914 shares of Seneca Foods Class A Common on a Form 4. The gift carried a stated price of $0.00 per share. After this disposition, he directly holds 21,184 Class A shares and 2,033 Class B shares, indicating the transaction reflects a personal transfer rather than a market sale.

Positive

  • None.

Negative

  • None.
Insider Palmby Paul Laurence
Role President & CEO
Type Security Shares Price Value
Gift Seneca Foods Class A Common 914 $0.00 --
holding Seneca Foods Class B Common -- -- --
Holdings After Transaction: Seneca Foods Class A Common — 21,184 shares (Direct, null); Seneca Foods Class B Common — 2,033 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Gifted Class A shares 914 shares Bona fide gift of Seneca Foods Class A Common
Gift price per share $0.00 per share Stated transaction price for gifted Class A shares
Class A holdings after transaction 21,184 shares Direct Seneca Foods Class A Common owned after gift
Class B holdings after transaction 2,033 shares Direct Seneca Foods Class B Common holding entry
Gift transaction code Code G Non-derivative bona fide gift classification
bona fide gift financial
"The transaction code description states it is 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.
non-derivative financial
"The 914-share Class A Common disposition is classified as non-derivative."
Form 4 regulatory
"The insider transaction is disclosed on a Form 4 filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code regulatory
"The filing lists transaction code G for the gift disposition."
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Palmby Paul Laurence

(Last)(First)(Middle)
C/O SENECA FOODS CORPORATION
418 E CONDE ST

(Street)
JANESVILLE WISCONSIN 53546

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Seneca Foods Corp [ SENEA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Seneca Foods Class B Common2,033D
Seneca Foods Class A Common06/16/2026G914D(1)21,184D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Bona fide gift of securities
/s/ Gregory R. Ide, Attorney in Fact06/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Seneca Foods (SENEA) report for Paul Laurence Palmby?

Seneca Foods reported that President & CEO Paul Laurence Palmby made a bona fide gift of 914 shares of Seneca Foods Class A Common stock. The transaction was recorded at a price of $0.00 per share and classified as a non-market, personal transfer.

How many Seneca Foods (SENEA) shares did the CEO gift in this Form 4 filing?

The CEO, Paul Laurence Palmby, gifted 914 shares of Seneca Foods Class A Common stock. This disposition was coded as a bona fide gift, meaning it was a no‑consideration transfer rather than an open‑market sale or purchase of the company’s shares.

What are Paul Laurence Palmby’s Seneca Foods Class A holdings after the reported gift?

Following the bona fide gift of 914 Class A shares, Paul Laurence Palmby directly holds 21,184 shares of Seneca Foods Class A Common. This remaining position is disclosed in the Form 4 as his total direct Class A ownership after the reported transaction.

Does the Seneca Foods (SENEA) CEO still own Class B shares after this Form 4 transaction?

Yes. The Form 4 shows that after the transactions, Paul Laurence Palmby holds 2,033 shares of Seneca Foods Class B Common. This entry is labeled as a holding record, providing an updated snapshot of his direct Class B ownership position on the reported date.

Was the Seneca Foods CEO’s transaction a market sale of shares?

No. The transaction is coded as a bona fide gift, not a market sale. The 914 Class A shares were transferred at a stated price of $0.00 per share, indicating a non‑market, no‑consideration disposition rather than an open‑market trading transaction.

How is the gift transaction in Seneca Foods (SENEA) Form 4 classified?

The Form 4 classifies the 914‑share transfer as a non‑derivative transaction with code “G,” described as a bona fide gift. This means it represents a gratuitous transfer of Seneca Foods Class A Common shares, rather than a purchase, sale, option exercise, or tax‑related withholding.