Jeffrey Sanfilippo (JBSS) shifts 125K shares into family trust
Rhea-AI Filing Summary
SANFILIPPO JOHN B & SON INC director and CEO Jeffrey T. Sanfilippo reported a restructuring of his indirect holdings in Class A common stock through family trusts. An entity associated with him received a distribution of 125,000 shares from the Sanfilippo Family GST Trust dated May 10, 2017 for no consideration, and these are now held in the Jeffrey T. Sanfilippo Family Trust dated May 10, 2017 for his benefit.
Following this change, 252,710 shares are held indirectly in the 2017 family trust, 50,170 shares are held indirectly in the Jeffrey T. Sanfilippo Irrevocable Trust dated October 6, 2006, and 32,609 shares are held indirectly in the Jeffrey T. Sanfilippo Trust dated October 7, 1991, all for his benefit. He also owns 21,856 shares directly. The filing reflects a trust-level distribution and updated ownership totals rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A - Common Stock | 125,000 | $0.00 | -- |
| holding | Class A - Common Stock | -- | -- | -- |
| holding | Class A - Common Stock | -- | -- | -- |
| holding | Class A - Common Stock | -- | -- | -- |
Footnotes (1)
- Transfer represents a distribution from the Sanfilippo Family GST Trust Dtd 5/10/17 for no consideration. These shares are held indirectly in the Jeffrey T. Sanfilippo Family Trust Dtd 5/10/17. The shares reported are held in trust for the benefit of the reporting person. These shares are owned directly by the reporting person. These shares are held indirectly in the Jeffrey T. Sanfilippo Irrevocable Trust Dtd 10/06/06. The shares reported are held in trust for the benefit of the reporting person. These shares are held indirectly in the Jeffrey T. Sanfilippo Trust Dtd 10/07/91. The shares reported are held in trust for the benefit of the reporting person.