Paul Laurence Palmby - Jun 10, 2022 Form 4 Insider Report for Seneca Foods Corp (SENEA)

Role
President & CEO, Director
Signature
/s/ Gregory R. Ide, Attorney in Fact
Stock symbol
SENEA
Transactions as of
Jun 10, 2022
Transactions value $
$73,312
Form type
4
Date filed
6/13/2022, 10:05 AM
Previous filing
Aug 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SENEA Seneca Foods Class B Common Other $73.3K +1.26K +164.37% $58.00 2.03K Jun 10, 2022 Direct F2
holding SENEA Seneca Foods Class A Common 1.57K Jun 10, 2022 By 401-K Plan F1
holding SENEA Seneca Foods Class B Common 380 Jun 10, 2022 By 401-K Plan F1
holding SENEA Seneca Foods Class A Common 24.1K Jun 10, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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).
F2 These shares were acquired in lieu of cash compensation pursuant to the Company's Executive Profit Sharing Bonus Plan.