Tootsie Roll CEO reports 23,000-share charitable gift
TOOTSIE ROLL INDUSTRIES INC chair and CEO Ellen R. Gordon reported a Form 4 showing an indirect bona fide gift of 23,000 shares of Common Stock by a Charitable Foundation associated with her.
Rhea-AI Filing Summary
TOOTSIE ROLL INDUSTRIES INC chair and CEO Ellen R. Gordon reported a Form 4 showing an indirect bona fide gift of 23,000 shares of Common Stock by a Charitable Foundation associated with her. This is classified as a disposition for reporting purposes, not an open-market sale.
After the gift, the Charitable Foundation’s indirect holdings stood at 1,453,460 Common shares. The filing also lists additional direct and indirect Common Stock holdings for Gordon, reflecting a substantial continuing ownership position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,000 shares gifted
Gift
6 txns
Insider
GORDON ELLEN R
Role
CHAIRMAN AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 23,000 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,453,460 shares (Indirect, By Charitable Foundation);
Class B Common Stock — 0 contracts (Direct);
Class B Common Stock — 0 contracts (Indirect, By trust for family);
Common Stock — 14,295,984 shares (Direct);
Common Stock — 5,075,264 shares (Indirect, By Trust for family);
Common Stock — 111,047 shares (Indirect, By TRI Stock Trust)
Footnotes (1)
- F1. Freely convertible to Common Stock on a share for share basis.
Key Figures
Gifted shares: 23,000 shares
Foundation holdings after gift: 1,453,460 shares
Direct Common Stock holding: 14,295,984 shares
+3 more
6 metrics
Gifted shares
23,000 shares
Bona fide gift of Common Stock, indirect via Charitable Foundation
Foundation holdings after gift
1,453,460 shares
Indirect Common Stock holdings following the 23,000-share gift
Direct Common Stock holding
14,295,984 shares
Direct Common Stock reported as held by Ellen R. Gordon
TRI Stock Trust holding
111,047 shares
Indirect Common Stock holding via TRI Stock Trust
Family trust holding
5,075,264 shares
Indirect Common Stock holding via trust for family
Gift transactions count
1 transaction
Single bona fide gift recorded in transaction summary
Key Terms
bona fide gift, indirect ownership, Class B Common Stock, Freely convertible to Common Stock, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "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.
indirect ownership financial
""ownership_type": "indirect""
Class B Common Stock financial
""security_title": "Class B Common Stock""
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Freely convertible to Common Stock financial
"Freely convertible to Common Stock on a share for share basis."
transaction code G financial
""transaction_code": "G""
FAQ
What insider transaction did TOOTSIE ROLL (TR) report on this Form 4?
The Form 4 reports a bona fide gift of 23,000 shares of Common Stock. The transaction is an indirect disposition made by a Charitable Foundation associated with chair and CEO Ellen R. Gordon, rather than an open-market sale for cash.
What are the Charitable Foundation’s TOOTSIE ROLL (TR) holdings after the gift?
Following the 23,000-share gift, the Charitable Foundation’s indirect holdings total 1,453,460 shares of Common Stock. This post-transaction figure indicates the foundation continues to hold a substantial position even after the reported charitable transfer.
Does Ellen R. Gordon still hold a significant TOOTSIE ROLL (TR) stake after this Form 4?
Yes. The Form 4 lists large direct and indirect Common Stock positions for Ellen R. Gordon. Besides the foundation’s 1,453,460 shares, she reports additional direct and trust-held Common Stock positions, indicating a substantial ongoing ownership interest.
Was the TOOTSIE ROLL (TR) transaction a sale or a gift?
The transaction is coded as a bona fide gift, not a sale. It is reported with transaction code G, reflecting a charitable transfer of 23,000 Common shares by an affiliated foundation, with no indication of open-market selling activity in this filing.
What does the Class B Common Stock disclosure mean for TOOTSIE ROLL (TR)?
The filing notes Class B Common Stock that is freely convertible to Common Stock on a share-for-share basis. However, the reported Class B positions show zero shares outstanding in this Form 4, so they do not represent an active derivative holding here.
AI-generated analysis. How Rhea-AI works. Not financial advice.
