Donegal Group (DGICA) SVP logs 661-share Employee Stock Purchase Plan transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donegal Group Inc. Senior Vice President Jeffery Tim Hay reported an “other” equity transaction involving the company’s Employee Stock Purchase Plan. The filing shows 661 shares of Class A Common Stock at $16.031 per share, with direct holdings reported at 8,143 shares after the transaction.
The transaction is coded as an “other acquisition or disposition” rather than a standard open-market buy or sell, and is tied to the Employee Stock Purchase Plan, indicating a routine, plan-based adjustment to the executive’s equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HAY JEFFERY TIM
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 661 | $16.031 | $11K |
Holdings After Transaction:
Class A Common Stock — 8,143 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares in transaction: 661 shares
Transaction price: $16.031 per share
Shares held after: 8,143 shares
+1 more
4 metrics
Shares in transaction
661 shares
Code J “other” transaction involving Class A Common Stock
Transaction price
$16.031 per share
Price for the 661 Class A Common shares
Shares held after
8,143 shares
Direct holdings of Jeffery Tim Hay following the transaction
Restructuring shares
661 shares
Shares classified in restructuring/other category in summary
Key Terms
Employee Stock Purchase Plan, Class A Common Stock, Form 4, Other acquisition or disposition
4 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.
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.
Other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
FAQ
What insider transaction did DONEGAL GROUP INC (DGICA) report for Jeffery Tim Hay?
DONEGAL GROUP INC reported a Form 4 for Senior Vice President Jeffery Tim Hay showing an “other” equity transaction of 661 Class A Common shares at $16.031 each, related to an Employee Stock Purchase Plan, with 8,143 shares held directly afterward.
Was the DONEGAL GROUP INC (DGICA) insider transaction a buy or sell?
The Form 4 classifies the transaction as code J, an “other acquisition or disposition,” not a standard buy or sell. It relates to an Employee Stock Purchase Plan, indicating a routine, plan-based equity adjustment rather than an open-market trade.