Seneca Foods Corp (SENEA) CEO awarded 2,500 restricted Class B shares
Rhea-AI Filing Summary
Palmby Paul Laurence reported acquisition or exercise transactions in this Form 4 filing.
Seneca Foods Corp reported that President & CEO Paul Laurence Palmby received an award of 2500 shares of Seneca Foods Class B Common as restricted stock on 2026-08-05 under the company’s 2007 Equity Incentive Plan. No price was paid. The restricted shares vest 25% per year over the next four years. Following this award, he directly holds 4533 Class B shares and 21184 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares
Net Buy
2 txns
Insider
Palmby Paul Laurence
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Seneca Foods Class B Common F1 | 2,500 | $0.00 | $0.00 |
| holding | Seneca Foods Class A Common | -- | -- | -- |
Holdings After Transaction:
Seneca Foods Class B Common — 4,533 shares (Direct);
Seneca Foods Class A Common — 21,184 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 granted: 2500.0000 shares
Class B shares after award: 4533.0000 shares
Class A shares held: 21184.0000 shares
+3 more
6 metrics
Restricted stock granted
2500.0000 shares
Award of Seneca Foods Class B Common on 2026-08-05
Class B shares after award
4533.0000 shares
Direct holdings of Seneca Foods Class B Common post-transaction
Class A shares held
21184.0000 shares
Direct holdings of Seneca Foods Class A Common as of 2026-08-05
Vesting rate
25% per year
Restricted stock vests 25% annually over the next four years
Plan initial approval date
August 10, 2007
2007 Equity Incentive Plan originally approved by shareholders
Plan amendment date
July 2017
Equity Incentive Plan amended and extended
Key Terms
restricted stock, 2007 Equity Incentive Plan, Class B Common, Class A Common, +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.
2007 Equity Incentive Plan financial
"pursuant to the Company's 2007 Equity Incentive Plan, which was originally approved"
Class B Common financial
"security_title": "Seneca Foods Class B Common""
Class A Common financial
"security_title": "Seneca Foods Class A Common""
vests 25% per year financial
"restricted stock which vests 25% per year over the next four years"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Seneca Foods (SENEA) report for its CEO?
Seneca Foods reported that CEO Paul Laurence Palmby received an award of 2500 shares of Class B Common as restricted stock. The grant was made under the 2007 Equity Incentive Plan and involves no cash price paid by the reporting person.
What are the CEO’s Class A holdings at Seneca Foods (SENEA) after this Form 4?
The Form 4 shows a holding line for Seneca Foods Class A Common indicating the CEO directly holds 21184 shares after the reported date. This entry reflects his Class A Common ownership, separate from the newly granted Class B restricted shares.
Was the Seneca Foods (SENEA) CEO’s restricted stock grant made under a company plan?
Yes. The 2500-share restricted stock award was granted under the company’s 2007 Equity Incentive Plan, originally approved by shareholders on August 10, 2007 and later amended and extended in July 2017, according to the footnote.