Seneca Foods (SENEA) CEO Palmby makes bona fide gift of 914 Class A shares
Filing Impact
Filing Sentiment
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 Trade Summary
914 shares gifted
Mixed
2 txns
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)
- [object Object]
Key Figures
Gifted Class A shares: 914 shares
Gift price per share: $0.00 per share
Class A holdings after transaction: 21,184 shares
+2 more
5 metrics
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
Key Terms
bona fide gift, non-derivative, Form 4, transaction code
4 terms
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."
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.
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.
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.