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Gregory Ide granted 243 restricted Seneca Foods Class A shares under 2007 plan

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Seneca Foods Corp reported an award of restricted Class A common stock to Gregory R. Ide, who is identified as Vice President, Controller and Assistant Secretary. The filing shows Mr. Ide was granted 243 shares under the companys 2007 Equity Incentive Plan (amended July 2017). The shares were issued at no cost to the reporting person and vest 25% per year over four years, converting the grant to earned shares on an annual schedule.

After this award Mr. Ide is shown as directly beneficially owning 1,281 shares of Class A common stock. The filing discloses no derivative transactions and the explanation confirms the grant is a restricted stock award under the stated plan.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine restricted stock award to an officer; standard multi-year vesting aligns pay with long-term ownership.

The filing documents a typical equity compensation event: a grant of 243 restricted Class A shares to a named officer under the companys existing equity plan. The award vests 25% per year over four years, which is a common mechanism to encourage retention and align the officers interests with shareholders. The report shows the shares were issued at no cost and that the officer holds 1,281 shares directly after the grant. From a governance standpoint this is customary and not indicative of extraordinary corporate actions.

TL;DR: Insignificant market impact; a small, standard officer grant with no cash paid and time-based vesting.

The transaction disclosed is an award of restricted stock rather than a market purchase or sale. The quantity granted (243 shares) and the post-transaction direct beneficial ownership (1,281 shares) are explicitly stated. The grants zero purchase price and four-year, 25% annual vesting schedule are documented in the form. Absent further material details such as larger grants, cash payments, option exercises, or derivative activity, this filing is unlikely to be material to the companys capital structure or near-term market valuation.

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
Estimated average burden
hours per response: 0.5
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*
Ide Gregory R

(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)
VP, Controller/Asst.Secretary
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(1) 1,281 D
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. 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 08/11/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for Seneca Foods?

Gregory R. Ide, identified as Vice President, Controller and Assistant Secretary, is the reporting person on the Form 4.

What transaction was reported on the Form 4 for Seneca Foods?

The Form 4 reports an award of restricted Class A common stock to the reporting person under the company's 2007 Equity Incentive Plan.

How many restricted shares were granted and what is the vesting schedule?

The filing shows a grant of 243 restricted shares that vest 25% per year over four years.

Did the reporting person pay for the shares?

No. The Form states the shares were issued at no cost to the reporting person.

How many Seneca Foods shares does the reporting person own after the transaction?

Following the award the reporting person is shown as directly beneficially owning 1,281 shares of Class A common stock.

Under which plan was the restricted stock awarded?

The restricted stock award was made under the companys 2007 Equity Incentive Plan, which was amended and extended in July 2017 according to the filing.
Seneca Foods Corp

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Packaged Foods
Canned, Fruits, Veg, Preserves, Jams & Jellies
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United States
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