Seneca Foods Corp (SENEA) awards 1,000 Class B restricted shares to VP
Rhea-AI Filing Summary
Erstad Dean Everett reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp granted Senior VP Sales & Marketing Dean Everett Erstad an award of 1,000 shares of Class B Common stock as restricted stock under its 2007 Equity Incentive Plan. The shares vest 25% annually over four years; Erstad now directly holds 1,000 Class B and 2,196 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares
Net Buy
2 txns
Insider
Erstad Dean Everett
Role
Senior VP Sales & Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Seneca Foods Class B Common F1 | 1,000 | $0.00 | $0.00 |
| holding | Seneca Foods Class A Common | -- | -- | -- |
Holdings After Transaction:
Seneca Foods Class B Common — 1,000 shares (Direct);
Seneca Foods Class A Common — 2,196 shares (Direct)
Footnotes (1)
- F1. Award of restricted stock pursuant to the Company's 2007 Equity Incentive Plan, which was originally approved by the shareholders of the Company on August 10, 2007 and amended and extended July 2017. No price was paid by the reporting person in connection with this award of shares of restricted stock which vests 25% per year over the next four years.
Key Figures
Restricted stock award: 1,000 shares
Award price per share: 0.0000 per share
Class B holdings after award: 1,000 shares
+2 more
5 metrics
Restricted stock award
1,000 shares
Class B Common stock granted to Senior VP Sales & Marketing on 2026-08-05
Award price per share
0.0000 per share
No price was paid by the reporting person for the restricted stock award
Class B holdings after award
1,000 shares
Direct holdings of Seneca Foods Class B Common after the reported transaction
Class A holdings reported
2,196 shares
Direct holdings of Seneca Foods Class A Common reported in the Form 4
Vesting schedule
25% per year over the next four years
Restricted stock award vests annually in equal installments over four years
Key Terms
restricted stock, Equity Incentive Plan, Class B Common
3 terms
restricted stock financial
"Award of restricted stock pursuant to the Company's 2007 Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Equity Incentive Plan financial
"pursuant to the Company's 2007 Equity Incentive Plan, which was originally approved"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Class B Common financial
"security_title: Seneca Foods Class B Common"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SENEA report for Dean Everett Erstad?
Seneca Foods reported that Senior VP Sales & Marketing Dean Everett Erstad received an award of 1,000 shares of Class B Common stock as restricted stock under the company’s 2007 Equity Incentive Plan, with no purchase price paid by him for the shares.
Was this SENEA restricted stock award made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, meaning the reported award was not made pursuant to an affirmatively disclosed Rule 10b5-1 trading plan, but instead reflects a direct equity incentive grant.