Company: SENEA
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001437749-25-022256
Chunk: 22

Company: Seneca Foods Corp
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 22
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| (2) | Represents the total grant date fair value of stock awards on the date of the award. The fair values of these awards were based on the closing price of the Company’s Class A common stock as reported on the NASDAQ Global Select Market on the date of grant. |

| (3) | Represents the aggregate change in pension value of the named executive officer’s accumulated benefit under our defined benefit pension plan. In accordance with SEC rules, negative amounts have been reported as zero in this table. During fiscal year 2023, negative amounts for Mr. Palmby, Mr. Nelson, and Mr. Erstad were $64,803, $4,304, and $24,126, respectively. See the pension benefits table on page 16 for additional information, including the present value assumptions used in this calculation. |

| (4) | This includes the Company’s matching contribution to its deferred compensation plan for each named executive officer, if any, and the amount of premium paid by the Company for group term life insurance on the named executive officer’s life. The value of perquisites and other personal benefits are not shown in the table individually because the aggregate amount of such compensation, if any, is less than $10,000 for each named executive officer. |

<div align='center'>14</div>

Grants of Plan-Based Awards in Fiscal Year 2025

The following table sets forth information about non-equity and equity awards granted to the named executive officers in fiscal year 2025.

| Name                                     
 Paul L. Palmby                           |     | Grant    
 Date     |     | Estimated Possible Payouts Under Non- 
 Equity Incentive Plan Awards (1)      
 Threshold                             |        |     | Target |      |     | Maximum |         |     | All Other     
 Stock Awards: 
 Number of     
 Shares of     
 Stock         |     |     | Grant Date 
 Fair Value 
 of Stock   
 Awards     |        |
|:-----------------------------------------|:----|:---------|:----|:--------------------------------------|-------:|:----|:-------|:-----|:----|:--------|--------:|:----|:--------------|----:|:----|:-----------|-------:|
| 2025 Executive Profit Sharing Bonus Plan |     | N/A      |     | $                                     | 77,738 |     |        | ---- |     | $       | 388,688 |     |               |     |     |            |        |
| Michael