Seneca Foods CFO awarded 1,000 Class B shares
Wolcott Michael S reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Wolcott Michael S reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp reports that Senior Vice President, Chief Financial Officer and Treasurer Michael S. Wolcott received a grant of 1,000 shares of Seneca Foods Class B Common on August 5, 2026. The restricted stock, issued at $0.00 per share under the 2007 Equity Incentive Plan, vests 25% annually over four years. After the grant he holds 17,085 Class B, 9,781 Class A and 40,844 6% Preferred shares directly, plus 401(k) Stock Fund interests reported as 716 Class A and 205 Class B shares that fluctuate with plan activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,000 shares
Grant/Award
5 txns
Insider
Wolcott Michael S
Role
SVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Seneca Foods Class B Common F2 | 1,000 | $0.00 | $0.00 |
| holding | Seneca Foods Class A Common | -- | -- | -- |
| holding | Seneca Foods 6% Preferred | -- | -- | -- |
| holding | Seneca Foods Class A Common F1 | -- | -- | -- |
| holding | Seneca Foods Class B Common F1 | -- | -- | -- |
Holdings After Transaction:
Seneca Foods Class B Common — 17,085 shares (Direct);
Seneca Foods Class A Common — 9,781 shares (Direct);
Seneca Foods 6% Preferred — 40,844 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. 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 grant: 1,000 shares Class B Common
Class B Common direct holdings: 17,085 shares
Class A Common direct holdings: 9,781 shares
+3 more
6 metrics
Restricted stock grant
1,000 shares Class B Common
Awarded to Michael S. Wolcott on 2026-08-05 at $0.00 per share
Class B Common direct holdings
17,085 shares
Direct Class B holdings after the August 5, 2026 grant
Class A Common direct holdings
9,781 shares
Direct Class A holdings as of the reported date
6% Preferred holdings
40,844 shares
Direct holdings of Seneca Foods 6% Preferred stock
401(k) Class A holdings
716 shares
Indirect Class A interest via Seneca Foods 401(k) Stock Fund
401(k) Class B holdings
205 shares
Indirect Class B interest via Seneca Foods 401(k) Stock Fund
Key Terms
restricted stock, Equity Incentive Plan, unitized stock fund, elective deferrals, +2 more
6 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.
unitized stock fund financial
"The Stock Fund is a unitized stock fund that holds shares of Class A common stock"
elective deferrals financial
"holdings under the 401(k) Plan also include additional units acquired in connection with elective deferrals"
Company matching contributions financial
"include additional units acquired in connection with elective deferrals and Company matching contributions"
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 insider transaction did Seneca Foods (SENEA) report for Michael S. Wolcott?
Seneca Foods reported that Michael S. Wolcott, its SVP, CFO and Treasurer, received a grant of 1,000 shares of Class B Common on August 5, 2026. The award is restricted stock issued at $0.00 per share under the company’s 2007 Equity Incentive Plan.
What are Michael S. Wolcott’s Class A and preferred holdings in Seneca Foods (SENEA)?
Following the reported transactions, Michael S. Wolcott directly holds 9,781 shares of Seneca Foods Class A Common and 40,844 shares of the company’s 6% Preferred stock. These positions are in addition to his Class B holdings and 401(k) plan interests.
How does the Seneca Foods (SENEA) 401(k) Stock Fund affect Wolcott’s reported holdings?
Wolcott’s 401(k) holdings reflect units in a unitized Stock Fund that owns Seneca Foods Class A and Class B shares plus cash. Reported amounts, including 716 Class A and 205 Class B shares, fluctuate daily as the fund’s aggregate holdings and plan transactions change.
Under which plan was the Seneca Foods (SENEA) restricted stock granted, and how does it vest?
The 1,000-share award was granted as restricted stock under Seneca Foods’ 2007 Equity Incentive Plan. According to the disclosure, no price was paid by Wolcott, and the shares vest 25% per year over the next four years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
