Seneca Foods CFO buys 15,222 preferred shares
Seneca Foods Corp (SENEA) reported that Michael S. Wolcott, SVP, CFO & Treasurer, purchased 15,222 shares of the company’s 6% Preferred Stock on 2026-08-26 at $0.25 per share in a private transaction at par value, which equals the stated redemption price.
Rhea-AI Filing Summary
Seneca Foods Corp (SENEA) reported that Michael S. Wolcott, SVP, CFO & Treasurer, purchased 15,222 shares of the company’s 6% Preferred Stock on 2026-08-26 at $0.25 per share in a private transaction at par value, which equals the stated redemption price. Following this, he directly holds 56,066 preferred shares, as well as direct holdings of Class A and Class B common stock and additional indirect holdings through a 401(k) Stock Fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,222 shares
Net Buy
5 txns
Insider
Wolcott Michael S
Role
SVP, CFO & Treasurer
Bought
15,222 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Seneca Foods 6% Preferred F2 | 15,222 | $0.25 | $4K |
| holding | Seneca Foods Class A Common | -- | -- | -- |
| holding | Seneca Foods Class B Common | -- | -- | -- |
| holding | Seneca Foods Class A Common F1 | -- | -- | -- |
| holding | Seneca Foods Class B Common F1 | -- | -- | -- |
Holdings After Transaction:
Seneca Foods 6% Preferred — 56,066 shares (Direct);
Seneca Foods Class A Common — 9,781 shares (Direct);
Seneca Foods Class B Common — 17,085 shares (Direct);
Seneca Foods Class A Common — 716 shares (Indirect, By 401(k) Plan);
Seneca Foods Class B Common — 205 shares (Indirect, By 401(k) Plan)
Footnotes (2)
- F1. These holdings reflect the Reporting Person's units in the Seneca Foods Corporation Stock Fund (the "Stock Fund") under the 401(k) Plan. The Stock Fund is a unitized stock fund that holds shares of Class A common stock as well as shares of Class B common stock. A cash balance is also maintained in the Stock Fund to facilitate transfers between investment fund options in the 401(k) Plan. The actual number of shares of Class A common stock and Class B common stock owned by the Reporting Person fluctuates daily based on the Stock Fund's aggregate holdings. The Reporting Person's holdings under the 401(k) Plan also include additional units acquired in connection with elective deferrals and Company matching contributions since the Reporting Person's last beneficial ownership report. Those transactions were exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B).
- F2. The Company's 6% Preferred Stock is not registered under the Securities Exchange Act of 1934, as amended. The Reporting Person acquired these shares in a private transaction at a price equal to the par value per share, which is the redemption price for the 6% Preferred Stock as stated in the Company's Certificate of Incorporation.
Key Figures
Preferred shares purchased: 15,222 shares of 6% Preferred
Purchase price: $0.25 per share
Preferred shares held after transaction: 56,066 shares of 6% Preferred
+4 more
7 metrics
Preferred shares purchased
15,222 shares of 6% Preferred
Purchase on 2026-08-26 at $0.25 per share
Purchase price
$0.25 per share
Private transaction at par value, equal to redemption price
Preferred shares held after transaction
56,066 shares of 6% Preferred
Direct holdings following reported purchase
Direct Class A Common holdings
9,781 shares
Direct ownership position as of 2026-08-26
Direct Class B Common holdings
17,085 shares
Direct ownership position as of 2026-08-26
Indirect Class A Common (401(k))
716 shares
Held indirectly through Seneca Foods Stock Fund under 401(k) Plan
Indirect Class B Common (401(k))
205 shares
Held indirectly through Seneca Foods Stock Fund under 401(k) Plan
Key Terms
unitized stock fund, redemption price, Certificate of Incorporation, Rule 16a-3(f)(1)(i)(B), +1 more
5 terms
unitized stock fund financial
"The Stock Fund is a unitized stock fund that holds shares of Class A"
redemption price financial
"par value per share, which is the redemption price for the 6% Preferred"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
Certificate of Incorporation regulatory
"redemption price for the 6% Preferred Stock as stated in the Company's Certificate"
A certificate of incorporation is an official government document that creates a corporation and records key facts such as its legal name, basic governance structure, and stock authorization—think of it as a company's birth certificate plus its basic rulebook. Investors care because it establishes the company’s legal existence, limits owners’ personal liability, and sets the framework for issuing shares and enforcing shareholder rights, which affects ownership, control and the company’s ability to raise capital.
Rule 16a-3(f)(1)(i)(B) regulatory
"Those transactions were exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B)."
par value financial
"acquired these shares in a private transaction at a price equal to the par value"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What did SENEA insider Michael S. Wolcott buy in this Form 4?
Michael S. Wolcott purchased 15,222 shares of Seneca Foods 6% Preferred Stock on 2026-08-26 at $0.25 per share in a private transaction at par value, which is also the redemption price stated in the company’s Certificate of Incorporation.
What are Michael S. Wolcott’s holdings of SENEA Class A and Class B common stock?
Michael S. Wolcott directly holds 9,781 shares of Seneca Foods Class A Common and 17,085 shares of Class B Common. In addition, he holds 716 Class A and 205 Class B shares indirectly through a 401(k) Stock Fund.
Was the Seneca Foods 6% Preferred Stock purchased on an exchange?
No. The footnote states that the company’s 6% Preferred Stock is not registered under the Securities Exchange Act of 1934 and that Michael S. Wolcott acquired these shares in a private transaction at par value, equal to the shares’ redemption price.
How were the 401(k) holdings in SENEA common stock described?
The filing explains that the 401(k) holdings are in a unitized Seneca Foods Stock Fund holding Class A and Class B common shares plus cash. The actual number of shares in the plan fluctuates daily and includes units from elective deferrals and company matching contributions.
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