Seneca Foods (SENEA) CEO Paul Palmby Receives 2,500-Share Award

What Happened
Paul Laurence Palmby, President, CEO and Director of Seneca Foods Corp (SENEA), was granted 2,500 shares of restricted stock on 2026-08-05. The Form 4 records an acquisition (code A) of 2,500 shares at $0.00 (no cash paid); the reported acquisition value is $0. This is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-05; Form 4 filed: 2026-08-06.
• Type: Award/Grant (code A); 2,500 restricted shares; price $0.00.
• Vesting: 25% per year over the next four years (per footnote; granted under the company’s 2007 Equity Incentive Plan).
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: Filed the next day (appears timely); no late filing indicated.

Context
Restricted stock awards are common executive compensation that vests over time and do not imply an immediate market purchase or sale. Because these shares vest gradually, they primarily represent a retention/incentive measure rather than an immediate change in insider market exposure.