Donegal Group (NASDAQ: DGICA) SVP adds shares in 401(k)
Rhea-AI Filing Summary
DONEGAL GROUP INC (DGICA) insider David Benjamin Bawel, SVP & Chief Accounting Officer, reported an acquisition of Class A Common Stock through a Dividend Reinvestment Plan in his 401(k) Plan on 2026-08-14. The transaction added 53 shares at $19.45 per share, held indirectly. Following this, he reported 5,420 indirect shares in the 401(k) Plan and a separate direct holding of 22,331 shares of Class A Common Stock.
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Insider Trade Summary
Net Buyer: 53 shares
Net Buy
2 txns
Insider
BAWEL DAVID BENJAMIN
Role
SVP & CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock F1 | 53 | $19.45 | $1K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 5,420 shares (Indirect, 401(k) Plan);
Class A Common Stock — 22,331 shares (Direct)
Footnotes (1)
- F1. Dividend Reinvestment Plan
Key Figures
Shares acquired: 53 shares
Transaction price per share: $19.45
Indirect holdings after transaction: 5,420 shares
+1 more
4 metrics
Shares acquired
53 shares
Class A Common Stock acquired on 2026-08-14 via Dividend Reinvestment Plan
Transaction price per share
$19.45
Per-share value reported for the 53 Dividend Reinvestment Plan shares
Indirect holdings after transaction
5,420 shares
Class A Common Stock held indirectly through a 401(k) Plan after the transaction
Direct holdings
22,331 shares
Class A Common Stock reported as directly owned by David Benjamin Bawel
Key Terms
Dividend Reinvestment Plan, 401(k) Plan, indirect ownership, Form 4
4 terms
Dividend Reinvestment Plan financial
"The transaction is footnoted as a Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
401(k) Plan financial
"Shares are held indirectly through a 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.
indirect ownership financial
"The filing characterizes the 5,420 shares as indirect ownership"
Form 4 regulatory
"Insider ownership and transactions are reported on 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.
FAQ
What insider transaction did DGICA executive David Benjamin Bawel report?
David Benjamin Bawel reported acquiring 53 shares of DONEGAL GROUP INC Class A Common Stock on 2026-08-14 through a Dividend Reinvestment Plan in his 401(k) Plan, at a reported price of $19.45 per share.
What are David Benjamin Bawel’s direct holdings of DGICA Class A Common Stock?
David Benjamin Bawel reported 22,331 shares of DONEGAL GROUP INC Class A Common Stock as a direct holding. This direct position is listed separately from his 401(k) Plan indirect ownership in the same insider ownership report.
Was the DGICA insider transaction by David Benjamin Bawel part of a Dividend Reinvestment Plan?
Yes. The acquisition of 53 shares of DONEGAL GROUP INC Class A Common Stock is footnoted as a Dividend Reinvestment Plan transaction within a 401(k) Plan, indicating dividends were reinvested to purchase additional shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
