SENEB insider disposals and 401(k) holdings disclosed on Form 4
Rhea-AI Filing Summary
Seneca Foods Corp reporting person Michael S. Wolcott, SVP, CFO & Treasurer, filed a Form 4 disclosing transactions on 08/25/2025. The filing shows a gift transaction of 320 Class B common shares (Transaction Code G) with a reference price of $108.51 per share. The report also lists disposals of 9,781 Class A common, 15,835 Class B common, and 40,844 6% preferred shares (all shown as disposed). Separately, the filer holds 633 Class A and 167 Class B units indirectly in the company 401(k) Stock Fund, which fluctuates daily and includes cash for transfers.
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Insights
TL;DR Routine insider disposition and a small gift; holdings in the 401(k) are unitized and fluctuate daily.
The filing documents multiple disposals of differing security classes and a gift of 320 Class B shares recorded at the Class B closing price of $108.51 on the transaction date. The report identifies indirect holdings of 633 Class A and 167 Class B units through the company 401(k) Stock Fund; the filer notes these unit counts change daily and include recent elective deferrals and company matches exempt from reporting. These are routine Section 16 disclosures without additional operational or financial information about the company.
TL;DR Disclosure shows standard insider reporting of dispositions and a gift; 401(k) holdings are disclosed as indirect units.
The Form 4 correctly identifies the reporting person, relationship to the issuer, and class-by-class changes in beneficial ownership. Transaction codes and the explanation clarify that the 401(k) Stock Fund holdings are unitized and that certain plan contributions were exempt from reporting under Rule 16a-3(f)(1)(i)(B). The filing appears procedural and consistent with Section 16 reporting obligations.
FAQ
What transactions did Michael S. Wolcott report on the Seneca Foods (SENEB) Form 4?
What price was used for the gift of Seneca Foods Class B shares?
Does the Form 4 show any holdings in an employee retirement plan?
What does the filing say about recent 401(k) activity?
Who signed the Form 4 and when was it filed?