Virtus Diversified Income & Convertible (NYSE: ACV) director lifts stake to 458 shares
Rhea-AI Filing Summary
Virtus Diversified Income & Convertible Fund (ACV) had a Form 4 filed by director Connie D. McDaniel reporting a purchase of common stock. On 2026-08-18, McDaniel bought 221 shares at $26.95 per share in a direct open-market or private transaction, bringing her directly held stake to 458 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 221 shares
Net Buy
1 txn
Insider
MCDANIEL CONNIE D
Role
Director
Bought
221 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 221 | $26.95 | $6K |
Holdings After Transaction:
Common Stock — 458 shares (Direct)
Key Figures
Shares purchased: 221 shares
Purchase price per share: $26.95
Shares owned after transaction: 458 shares
3 metrics
Shares purchased
221 shares
Common Stock transaction on 2026-08-18
Purchase price per share
$26.95
Common Stock transaction on 2026-08-18
Shares owned after transaction
458 shares
Direct ownership following the 2026-08-18 purchase
Key Terms
Form 4, open market or private transaction, beneficial ownership
3 terms
Form 4 regulatory
"had a Form 4 filed by director Connie D. McDaniel reporting a purchase"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
open market or private transaction financial
"transaction_code_description: Purchase in open market or private transaction"
beneficial ownership financial
"reported direct ownership of 458 shares, indicating beneficial ownership position"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction in ACV was reported in this Form 4?
Director Connie D. McDaniel reported a purchase of 221 shares of Virtus Diversified Income & Convertible Fund common stock on 2026-08-18 in a direct transaction.
What are Connie D. McDaniel’s holdings in ACV after this transaction?
After buying 221 shares, Connie D. McDaniel directly holds 458 shares of Virtus Diversified Income & Convertible Fund common stock, as reported in the Form 4.
Is the reported ACV insider transaction part of a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox as false, meaning the transaction is not affirmed as being made under a Rule 10b5-1 trading plan.
What role does the reporting person hold at ACV?
The reporting person, Connie D. McDaniel, is listed as a director of Virtus Diversified Income & Convertible Fund and is not reported as an officer or ten percent owner.
AI-generated analysis. How Rhea-AI works. Not financial advice.
