Seneca Foods (SENEA) Senior VP Dean Erstad Receives Restricted Stock Award

What Happened

• Dean Erstad (Senior VP, Sales & Marketing) received an award of 1,000 shares of restricted stock on 2026-08-05. The reported acquisition price was $0.00, so no cash was paid and the immediate reported value is $0.

Key Details

• Transaction date: 2026-08-05; Form 4 filed 2026-08-06 (appears filed the next day).
• Transaction type: A = Award/Grant of restricted stock under the Company’s 2007 Equity Incentive Plan.
• Shares involved: 1,000 restricted shares; acquisition price reported as $0.00.
• Vesting: Award vests 25% per year over the next four years (per footnote).
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: Award is under the Company’s 2007 Equity Incentive Plan (originally approved Aug 10, 2007; amended July 2017).

Context

• This is a compensation-related grant, not an open-market purchase or sale. Such grants are common for executives and typically vest over time; they do not necessarily signal immediate buying or selling intent.