Alamo Group director gifts 2,844 shares to trust
ALAMO GROUP INC (ALG) director Nina C. Grooms reported a pair of related transactions on September 3, 2026, moving 2,844 shares of common stock by bona fide gift from her direct holdings to the Lee-Grooms Family Trust.
Rhea-AI Filing Summary
ALAMO GROUP INC (ALG) director Nina C. Grooms reported a pair of related transactions on September 3, 2026, moving 2,844 shares of common stock by bona fide gift from her direct holdings to the Lee-Grooms Family Trust. After the transactions, she held 1,138 shares directly and 2,844 shares indirectly through the trust. No Rule 10b5-1 trading plan is reported for these gifts.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,688 shares gifted
Gift
2 txns
Insider
Grooms Nina C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,844 | $0.00 | $0.00 |
| Gift | Common Stock | 2,844 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,138 shares (Direct);
Common Stock — 2,844 shares (Indirect, Lee-Grooms Family Trust)
Key Figures
Shares gifted: 2,844 shares
Direct holdings after transaction: 1,138 shares
Indirect holdings after transaction: 2,844 shares
+1 more
4 metrics
Shares gifted
2,844 shares
Bona fide gift of ALAMO GROUP INC common stock on September 3, 2026
Direct holdings after transaction
1,138 shares
Direct ownership reported after the September 3, 2026 gift
Indirect holdings after transaction
2,844 shares
Indirect ownership through Lee-Grooms Family Trust after the gift
Rule 10b5-1 plan status
No plan reported
Form 4 indicates the gifts were not made under a Rule 10b5-1 plan
Key Terms
bona fide gift, indirect ownership, Lee-Grooms Family Trust
3 terms
bona fide gift financial
"The filing describes the transaction as a bona fide gift of shares."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"The shares are reported as indirect ownership through the Lee-Grooms Family Trust."
Lee-Grooms Family Trust financial
"The filing notes that shares are held through the Lee-Grooms Family Trust."
FAQ
What insider transactions did ALG director Nina C. Grooms report?
Nina C. Grooms reported two bona fide gift transactions on September 3, 2026, transferring 2,844 shares of ALAMO GROUP INC common stock from her direct ownership to the Lee-Grooms Family Trust.
What are Nina C. Grooms’ ALG holdings after the reported Form 4 transactions?
After the September 3, 2026 gifts, Nina C. Grooms held 1,138 ALG shares directly and 2,844 ALG shares indirectly through the Lee-Grooms Family Trust, as reported in the Form 4.
Was a Rule 10b5-1 trading plan used for Nina C. Grooms’ ALG transactions?
No. The Form 4 indicates that no Rule 10b5-1 trading plan was used for the September 3, 2026 bona fide gift transactions in ALAMO GROUP INC stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.