Donegal Group (NASDAQ: DGICA) CEO updates direct and 401(k) share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donegal Group Inc. President and CEO Kevin Gerard Burke filed a Form 4 updating his Class A common stock holdings. The filing records a small code J transaction of 36 shares at $17.25 per share held indirectly through a 401(k) plan, bringing that indirect position to 3,309 shares. A separate entry shows 13,546 shares held directly as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BURKE KEVIN GERARD
Role
President & Chief Exec Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 36 | $17.25 | $621.00 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,309 shares (Indirect, 401(k) Plan);
Class A Common Stock — 13,546 shares (Direct, null)
Footnotes (1)
Key Figures
Code J transaction shares: 36 shares
Code J price per share: $17.25 per share
Direct holdings after event: 13,546 shares
+1 more
4 metrics
Code J transaction shares
36 shares
Class A Common Stock, 401(k) Plan
Code J price per share
$17.25 per share
Class A Common Stock, code J transaction
Direct holdings after event
13,546 shares
Class A Common Stock held directly
Indirect 401(k) holdings after event
3,309 shares
Class A Common Stock held via 401(k) Plan
Key Terms
Class A Common Stock, 401(k) Plan, Other acquisition or disposition
3 terms
Class A Common Stock financial
"security_title: "Class A Common Stock" for the reported transactions"
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.
401(k) Plan financial
"nature_of_ownership: "401(k) Plan" describing indirect ownership of shares"
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.
Other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition" for code J"
FAQ
What insider activity did DONEGAL GROUP INC (DGICA) report for Kevin Gerard Burke?
DONEGAL GROUP INC reported that President and CEO Kevin Gerard Burke updated his Class A common stock holdings on Form 4. The filing shows a small code J transaction in his 401(k) plan and a separate direct holding balance as of the same date.
What does the code J transaction in the DONEGAL GROUP INC (DGICA) Form 4 represent?
The code J entry in the DONEGAL GROUP INC Form 4 is labeled as an “Other acquisition or disposition.” It involves 36 shares of Class A common stock at $17.25 per share held indirectly in a 401(k) plan, classified as a restructuring-type transaction.
What is the role of Kevin Gerard Burke at DONEGAL GROUP INC (DGICA) in this Form 4?
In this Form 4, Kevin Gerard Burke is identified as a director and as President & Chief Executive Officer of DONEGAL GROUP INC. The filing reports his direct Class A common stock holdings and a small code J transaction in his indirectly held 401(k) plan shares.