Timothy Robert Nelson - Aug 9, 2023 Form 4 Insider Report for Seneca Foods Corp (SENEA)

Signature
/s/ Gregory R. Ide, Attorney in Fact
Stock symbol
SENEA
Transactions as of
Aug 9, 2023
Transactions value $
$0
Form type
4
Date filed
8/11/2023, 04:08 PM
Previous filing
Aug 15, 2022
Next filing
Aug 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SENEA Seneca Foods Class A Common Award $0 +608 +66.45% $0.00 1.52K Aug 9, 2023 Direct F2
holding SENEA Seneca Foods Class B Common 364 Aug 9, 2023 By 401-K Plan F1
holding SENEA Seneca Foods Class A Common 1.55K Aug 9, 2023 By 401-K Plan F1
* 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 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.