Ampco-Pittsburgh (NYSE: AP) director gifts stock to charity
Rhea-AI Filing Summary
AMPCO PITTSBURGH CORP (AP) director Darrell L. McNair reported a bona fide gift of 5,600 shares of common stock on 2026-08-27. The shares were transferred to a donor-advised fund sponsored by a charitable organization under Section 501(c)(3). Following the gift, he directly holds 65,686 shares and indirectly holds 6,640 shares through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,600 shares
Net Sell
2 txns
Insider
McNair Darrell L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 5,600 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 65,686 shares (Direct);
Common Stock — 6,640 shares (Indirect, Indirect By Trust)
Footnotes (1)
- F1. Reflects 5,600 shares of common stock, $1 par value of Ampco-Pittsburgh Corporation transferred by the reporting person to a donor-advised fund sponsored by a charitable organization under Section 501(c)(3) of the Internal Revenue Code.
Key Figures
Shares gifted: 5,600 shares of Common Stock
Gift price per share: $0.0000 per share
Direct holdings after transaction: 65,686 shares of Common Stock
+2 more
5 metrics
Shares gifted
5,600 shares of Common Stock
Bona fide gift on 2026-08-27
Gift price per share
$0.0000 per share
Reported for the 5,600-share bona fide gift
Direct holdings after transaction
65,686 shares of Common Stock
Direct ownership following the 5,600-share gift
Indirect holdings after transaction
6,640 shares of Common Stock
Held indirectly by trust after the reported transactions
Total gifted shares reported
5,600 shares
GiftCount and GiftShares in transaction summary
Key Terms
bona fide gift, donor-advised fund, Section 501(c)(3), Indirect By Trust
4 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift"
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.
donor-advised fund financial
"transferred by the reporting person to a donor-advised fund sponsored"
A donor-advised fund is a charitable giving account that lets an individual or family deposit cash, stock, or other assets now, get an immediate tax benefit, and then recommend grants to charities over time. Think of it like a private charitable bucket you control without running a charity yourself; investors care because it’s a tax-efficient way to give appreciated securities, can change when and how donated shares enter the market, and affects personal and corporate tax planning.
Section 501(c)(3) regulatory
"charitable organization under Section 501(c)(3) of the Internal Revenue Code"
Indirect By Trust financial
""nature_of_ownership": "Indirect By Trust""
FAQ
What insider transaction did AMPCO PITTSBURGH (AP) report on this Form 4?
The filing reports a bona fide gift by director Darrell L. McNair of 5,600 shares of AMPCO PITTSBURGH common stock on 2026-08-27, transferred to a donor-advised fund sponsored by a Section 501(c)(3) charitable organization.
What are Darrell L. McNair’s AMPCO PITTSBURGH (AP) holdings after the reported gift?
After the reported gift, Darrell L. McNair directly holds 65,686 shares of AMPCO PITTSBURGH common stock and indirectly holds 6,640 shares through a trust, as disclosed in the Form 4 holding entries.
Was the AMPCO PITTSBURGH (AP) Form 4 transaction a market sale?
No. The Form 4 describes the transaction as a bona fide gift (Code G) of 5,600 shares to a donor-advised fund, with a reported per-share price of $0.0000, indicating it was a charitable transfer rather than a market sale.
Does the Form 4 indicate a Rule 10b5-1 trading plan for AMPCO PITTSBURGH (AP)?
No. The Form 4’s Rule 10b5-1 checkbox is reported as not affirmed (aff_10b5_one is false), and there is no footnote stating that the gift was made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
