Donegal director reports RSUs and options holdings
DONEGAL GROUP INC director Melissa Ann Veenstra filed an initial Form 3 showing her equity holdings in the company.
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Form Type
3
Rhea-AI Filing Summary
DONEGAL GROUP INC director Melissa Ann Veenstra filed an initial Form 3 showing her equity holdings in the company. She reports 2,100 restricted stock units tied to Class A Common Stock, plus options on 8,000 shares at $15.76 and 4,000 shares at $13.87.
The restricted stock units each represent a contingent right to receive one share of Class A Common Stock and vest in three equal annual installments beginning on the first anniversary of the grant date, subject to continued service.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
VEENSTRA MELISSA ANN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Options — 12,000 contracts (Direct);
Restricted Stock Units — 2,100 contracts (Direct)
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock upon vesting. The restricted stock units are not exercisable and do not have an expiration date. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date, subject to continued service.
Key Figures
Restricted stock units: 2,100 units
Options at $15.76: 8,000 underlying shares
Options at $13.87: 4,000 underlying shares
+1 more
4 metrics
Restricted stock units
2,100 units
Each unit equals one share of Class A Common upon vesting
Options at $15.76
8,000 underlying shares
Exercise price $15.76; expiration December 19, 2029
Options at $13.87
4,000 underlying shares
Exercise price $13.87; expiration December 21, 2028
RSU vesting schedule
3 equal annual installments
Beginning on first anniversary of grant date, subject to continued service
Key Terms
Restricted Stock Units, Class A Common Stock, exercise price, expiration date
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock upon vesting."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A Common Stock financial
"Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock upon vesting."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
exercise price financial
"conversion_or_exercise_price: 15.7600 and 13.8700 for options on Class A Common Stock"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: 2029-12-19T00:00:00.000Z and 2028-12-21T00:00:00.000Z for options"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filing by DONEGAL GROUP INC (DGICA) director Melissa Ann Veenstra show?
The Form 3 shows Melissa Ann Veenstra’s initial reported holdings in DONEGAL GROUP INC, including 2,100 restricted stock units and stock options over 12,000 Class A Common shares at specified exercise prices and expiration dates.
How many restricted stock units does Melissa Ann Veenstra hold in DONEGAL GROUP INC (DGICA)?
She reports holding 2,100 restricted stock units linked to Class A Common Stock. Each unit represents a contingent right to receive one share, vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to continued service.
What stock options does Melissa Ann Veenstra report in her DONEGAL GROUP INC (DGICA) Form 3?
She reports options covering 8,000 Class A Common shares at an exercise price of $15.76 expiring December 19, 2029, and options covering 4,000 shares at $13.87 expiring December 21, 2028, all held directly.
How do Melissa Ann Veenstra’s restricted stock units in DONEGAL GROUP INC (DGICA) vest?
The restricted stock units vest in three equal annual installments starting on the first anniversary of the grant date. Vesting is subject to her continued service, and each vested unit converts into one share of Class A Common Stock.
Does the DONEGAL GROUP INC (DGICA) Form 3 indicate any recent insider buying or selling by Melissa Ann Veenstra?
The Form 3 reflects reported holdings rather than new purchases or sales. All three entries are classified as holdings with unknown transaction codes and no buy or sell transactions indicated in the transaction summary.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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