Seneca Foods grants COO 1,000 Class B shares
Nelson Timothy Robert reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Nelson Timothy Robert reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp Chief Operating Officer Timothy Robert Nelson received an award of 1,000 shares of Seneca Foods Class B Common as restricted stock on August 5, 2026 under the company’s 2007 Equity Incentive Plan. No price was paid, and the stock vests 25% annually over four years. Following this grant, he holds Class B and Class A shares both directly and through units in the company’s 401(k) Stock Fund, including 2,196 shares of Class A common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,000 shares
Grant/Award
4 txns
Insider
Nelson Timothy Robert
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Seneca Foods Class B Common F2 | 1,000 | $0.00 | $0.00 |
| holding | Seneca Foods Class B Common F1 | -- | -- | -- |
| holding | Seneca Foods Class A Common F1 | -- | -- | -- |
| holding | Seneca Foods Class A Common | -- | -- | -- |
Holdings After Transaction:
Seneca Foods Class B Common — 1,000 shares (Direct);
Seneca Foods Class B Common — 418 shares (Indirect, By 401-K Plan);
Seneca Foods Class A Common — 1,460 shares (Indirect, By 401-K Plan);
Seneca Foods Class A Common — 2,196 shares (Direct)
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. 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 Class B stock award: 1,000 shares
Class B direct holdings after award: 1,000 shares
Class A direct holdings: 2,196 shares
+2 more
5 metrics
Restricted Class B stock award
1,000 shares
Award of Seneca Foods Class B Common as restricted stock on August 5, 2026
Class B direct holdings after award
1,000 shares
Total Seneca Foods Class B Common directly held by Timothy Nelson after the reported grant
Class A direct holdings
2,196 shares
Seneca Foods Class A Common directly held by Timothy Nelson as of August 5, 2026
401(k) Stock Fund units tied to Class B
418 units
Units in the Seneca Foods Stock Fund under the 401(k) Plan reflecting exposure to Class A and Class B shares
401(k) Stock Fund units tied to Class A
1,460 units
Additional units in the Seneca Foods Stock Fund under the 401(k) Plan associated with Class A and Class B holdings
Key Terms
restricted stock, 401(k) Plan, unitized stock fund, Equity Incentive Plan, +1 more
5 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.
401(k) Plan financial
"These holdings reflect the Reporting Person's units in the Seneca Foods Corporation Stock Fund under the 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
unitized stock fund financial
"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"
Equity Incentive Plan financial
"Award of restricted stock pursuant to the Company's 2007 Equity Incentive Plan"
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.
Rule 16a-3(f)(1)(i)(B) regulatory
"Those transactions were exempt from reporting pursuant to Rule 16a-3(f)(1)(i)(B)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock award did Seneca Foods (SENEA) grant to COO Timothy Nelson?
Seneca Foods granted COO Timothy Robert Nelson 1,000 shares of Class B common stock as restricted stock. The award was made under the 2007 Equity Incentive Plan, with no purchase price paid and vesting scheduled at 25% per year over the next four years.
How does the restricted stock granted to the Seneca Foods (SENEA) COO vest?
The 1,000-share restricted stock award vests in 25% increments each year over four years. This means one quarter of the shares becomes unrestricted annually, so long as the award’s vesting conditions defined in the company’s 2007 Equity Incentive Plan continue to be satisfied.
Did the Seneca Foods (SENEA) COO pay anything for the new restricted stock award?
No, Timothy Nelson paid no price for the 1,000 restricted Class B shares. The award was granted pursuant to Seneca Foods’ 2007 Equity Incentive Plan as amended and extended, which provides for such equity-based compensation without a cash purchase by the recipient.
AI-generated analysis. How Rhea-AI works. Not financial advice.
