Donegal SVP reports 515-share ESPP stock transaction
DONEGAL GROUP INC senior executive reports routine share transaction.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
DONEGAL GROUP INC senior executive reports routine share transaction. SVP & Chief Accounting Officer David Benjamin Bawel reported an "other" transaction involving 515 shares of Class A Common Stock at $16.0310 per share, noted as part of an Employee Stock Purchase Plan, rather than an open-market trade.
Following this transaction, he directly holds 22,331 Class A shares and indirectly holds 5,367 Class A shares through a 401(k) Plan. The filing reflects compensation and savings-plan related activity, not a discretionary market buy or sale.
Insider Trade Summary
Other: 515 shares
Other
2 txns
Insider
BAWEL DAVID BENJAMIN
Role
SVP & CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 515 | $16.031 | $8K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 22,331 shares (Direct);
Class A Common Stock — 5,367 shares (Indirect, 401(k) Plan)
Footnotes (1)
- F1. Employee Stock Purchase Plan
Key Figures
ESPP transaction size: 515 shares
ESPP transaction price: $16.0310 per share
Direct holdings after transaction: 22,331 shares
+2 more
5 metrics
ESPP transaction size
515 shares
Class A Common Stock, code J transaction
ESPP transaction price
$16.0310 per share
Class A Common Stock transaction
Direct holdings after transaction
22,331 shares
Class A Common Stock, post-transaction total
Indirect 401(k) holdings
5,367 shares
Class A Common Stock in 401(k) Plan
Restructuring shares in summary
515 shares
Classified as restructuring-type J transaction
Key Terms
Employee Stock Purchase Plan, 401(k) Plan, Class A Common Stock, Form 4, +1 more
5 terms
Employee Stock Purchase Plan financial
"Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
401(k) Plan financial
"nature_of_ownership": "401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Class A Common Stock financial
"security_title": "Class A Common Stock""
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
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.
transaction code J regulatory
"transaction_code": "J""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DONEGAL GROUP INC (DGICA) disclose for David Benjamin Bawel?
DONEGAL GROUP INC disclosed that SVP and Chief Accounting Officer David Benjamin Bawel recorded an "other" transaction in 515 Class A shares at $16.0310 per share, linked to an Employee Stock Purchase Plan, rather than a typical open-market purchase or sale.
Was the DONEGAL GROUP INC (DGICA) Form 4 transaction an open-market trade?
The Form 4 characterizes the 515-share Class A transaction as code J, an "other acquisition or disposition," with a footnote describing it as an Employee Stock Purchase Plan entry, not an open-market buy or sell transaction.
Does the DONEGAL GROUP INC (DGICA) Form 4 show any derivative securities for David Benjamin Bawel?
The filing indicates no derivative securities for David Benjamin Bawel, with the derivativeSummary section empty. All reported positions relate to non-derivative Class A Common Stock holdings, both direct and through a 401(k) Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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