SENEA insider filing: restricted stock award, 401(k) units and securities disposals

Rhea-AI Filing Summary

Michael S. Wolcott, SVP, CFO & Treasurer of Seneca Foods Corp (ticker SENEA), filed a Form 4 reporting transactions dated 08/07/2025. The filing shows an award of 243 restricted shares of Class A common stock granted at no cost; these shares vest 25% per year over four years. The award is described as restricted stock under the company’s 2007 Equity Incentive Plan.

The report also discloses disposals of 15,515 Class B common shares and 40,844 of the company’s 6% preferred shares. The filing states indirect holdings of 633 Class A and 167 Class B units held via the Seneca Foods 401(k) Stock Fund, noting those units fluctuate daily and include recent elective deferrals and company matching contributions that were exempt from reporting. The Form 4 was signed by Gregory R. Ide, Attorney in Fact, on 08/11/2025.

Positive

• 243 restricted Class A shares awarded at no cost, vesting 25% per year over four years, which aligns executive incentives with long-term performance
• 401(k) Stock Fund holdings disclosed (633 Class A and 167 Class B units), showing continued indirect ownership and participation in company savings plans

Negative

• Disposal of 15,515 Class B common shares is reported without stated rationale or price
• Disposal of 40,844 of the company’s 6% preferred shares is reported without stated rationale or price

Insights

Securities Analyst

TL;DR: Restricted stock award vests over four years while notable disposals of Class B and preferred shares are reported; overall appears routine and disclosure-compliant.

The Form 4 shows a 243-share restricted Class A award granted at no cost that vests 25% annually, which aligns executive compensation with long-term shareholder value. Reported disposals — 15,515 Class B shares and 40,844 6% preferred shares — are explicit in the filing but the document does not state prices or reasons for the disposals. Indirect holdings through the company 401(k) Stock Fund (633 Class A and 167 Class B) are described as unitized and fluctuating; recent elective deferrals and matches are noted as exempt from separate reporting. From a securities perspective, the filing provides required transparency; it does not by itself indicate material corporate change.

Corporate Governance Expert

TL;DR: Vesting restricted stock supports retention; reported plan-related 401(k) activity and separate disposals are disclosed appropriately under Section 16 reporting rules.

The restricted stock award, granted under the 2007 Equity Incentive Plan and vesting over four years, is a standard retention and alignment mechanism for senior officers. The filing explicitly notes the 401(k) Stock Fund mechanics and exempt plan transactions, which explains additional unit acquisitions. The separate dispositions of Class B common and 6% preferred shares are disclosed on the form; no explanation for the disposals is provided in the filing. Overall, the disclosure appears to meet Form 4 requirements and documents both compensation-related issuance and securities disposals.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wolcott Michael S

(Last) (First) (Middle)

C/O SENECA FOODS CORPORATION

350 WILLOWBROOK OFFICE PARK

(Street)

FAIRPORT NY 14450

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Seneca Foods Corp [ SENEA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Seneca Foods Class A Common	08/07/2025		A		243	A	$0(2)	9,781	D
Seneca Foods Class B Common								15,515	D
Seneca Foods 6% Preferred								40,844	D
Seneca Foods Class A Common								633	I	By 401(k) Plan(1)
Seneca Foods Class B Common								167	I	By 401(k) Plan(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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).

2. 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.

	/s/ Gregory R. Ide, Attorney in Fact	08/11/2025
	** Signature of Reporting Person	Date
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FAQ

What transactions did Seneca Foods insider Michael S. Wolcott report on Form 4?

The Form 4 reports an award of 243 restricted Class A shares (no price paid) and disposals of 15,515 Class B common shares and 40,844 6% preferred shares.

What is the vesting schedule for the restricted shares in the Form 4?

The restricted Class A shares vest 25% per year over four years, per the filing referencing the company’s 2007 Equity Incentive Plan.

Does the Form 4 disclose any 401(k) holdings for the reporting person?

Yes; the filing discloses indirect holdings of the reporting person via the Seneca Foods Stock Fund: 633 Class A and 167 Class B units, which fluctuate daily and include recent deferrals and matches.

When were the transactions and the Form 4 filing dated?

The transactions are dated 08/07/2025 and the Form 4 was signed by the attorney in fact on 08/11/2025.

Who is the reporting person and what is their role at Seneca Foods?

The reporting person is Michael S. Wolcott, identified in the filing as SVP, CFO & Treasurer of Seneca Foods Corp.