Seneca Foods CFO gifts 250 Class B shares
Seneca Foods Corp senior vice president, CFO and treasurer Michael S. Wolcott reported a bona fide gift of 250 shares of Seneca Foods Class B Common on March 31, 2026 at a reference price of $148.03 per share, equal to the closing price that day.
Rhea-AI Filing Summary
Seneca Foods Corp senior vice president, CFO and treasurer Michael S. Wolcott reported a bona fide gift of 250 shares of Seneca Foods Class B Common on March 31, 2026 at a reference price of $148.03 per share, equal to the closing price that day.
After the gift, he directly holds 16,085 Class B shares, 9,781 Class A shares, and 40,844 shares of 6% preferred stock. He also has indirect holdings through a 401(k) plan of 633 Class A and 167 Class B shares, with the plan’s unitized stock fund causing daily fluctuations in actual share counts.
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Insider Trade Summary
250 shares gifted
Gift
5 txns
Insider
Wolcott Michael S
Role
SVP, CFO & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Seneca Foods Class B Common | 250 | $148.03 | $37K |
| holding | Seneca Foods Class A Common | -- | -- | -- |
| holding | Seneca Foods 6% Preferred | -- | -- | -- |
| holding | Seneca Foods Class A Common | -- | -- | -- |
| holding | Seneca Foods Class B Common | -- | -- | -- |
Holdings After Transaction:
Seneca Foods Class B Common — 16,085 shares (Direct);
Seneca Foods Class A Common — 9,781 shares (Direct);
Seneca Foods 6% Preferred — 40,844 shares (Direct);
Seneca Foods Class A Common — 633 shares (Indirect, By 401(k) Plan);
Seneca Foods Class B Common — 167 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. Price per share is the closing price of Seneca Foods Corporation Class B common stock on the date of the gift.
Key Figures
Gifted Class B shares: 250 shares
Gift reference price: $148.03 per share
Direct Class B holdings: 16,085 shares
+4 more
7 metrics
Gifted Class B shares
250 shares
Bona fide gift on March 31, 2026
Gift reference price
$148.03 per share
Closing price of Class B on gift date
Direct Class B holdings
16,085 shares
Shares of Seneca Foods Class B Common after gift
Direct Class A holdings
9,781 shares
Shares of Seneca Foods Class A Common after reported entries
Direct 6% Preferred holdings
40,844 shares
Seneca Foods 6% Preferred stock reported as holding
401(k) Class A holdings
633 shares
Indirect Class A Common via unitized 401(k) Stock Fund
401(k) Class B holdings
167 shares
Indirect Class B Common via unitized 401(k) Stock Fund
Key Terms
bona fide gift, 401(k) Plan, unitized stock fund, elective deferrals, +1 more
5 terms
bona fide gift financial
"transaction_code_description indicates the transaction 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.
401(k) Plan financial
"holdings reflect the Reporting Person's units in the 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"
elective deferrals financial
"holdings under the 401(k) Plan also include additional units acquired in connection with elective deferrals"
Company matching contributions financial
"additional units acquired in connection with elective deferrals and Company matching contributions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Seneca Foods (SENEA) report for its CFO?
Seneca Foods reported that CFO Michael S. Wolcott made a bona fide gift of 250 shares of Seneca Foods Class B Common on March 31, 2026. The gift is a non-market disposition and does not represent an open-market sale or purchase of shares.
At what price was the Seneca Foods CFO’s gifted stock valued?
The 250 Class B shares gifted by the Seneca Foods CFO were valued at $148.03 per share, equal to the closing price of Seneca Foods Class B common stock on March 31, 2026. This price is used for reporting purposes in the filing.
Does the Seneca Foods CFO hold any preferred stock according to this filing?
Yes. The filing shows that the Seneca Foods CFO directly holds 40,844 shares of 6% Preferred stock as of March 31, 2026. This preferred position is reported as a holding entry, not as a new purchase or sale transaction in the market.
How does the Seneca Foods 401(k) Stock Fund affect the CFO’s reported holdings?
The CFO’s 401(k) plan uses a unitized stock fund that holds Class A and Class B shares plus cash, so his reported 633 Class A and 167 Class B shares can fluctuate daily. Additional units from elective deferrals and matching contributions are exempt from separate reporting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
