DONEGAL GROUP (NASDAQ: DGICA) officer reports routine Class A stock changes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DONEGAL GROUP INC senior vice president and chief accounting officer David Benjamin Bawel reported updated holdings of the company’s Class A Common Stock. The Form 4 shows one administrative holding entry and one "other" transaction coded J involving 59 shares at $17.27 per share in a 401(k) plan. Following these entries, he directly holds 21,816 Class A shares and has an additional 5,367 Class A shares held indirectly through the 401(k) account. The filing reflects routine ownership reporting rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BAWEL DAVID BENJAMIN
Role
SVP & CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 59 | $17.27 | $1K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 5,367 shares (Indirect, 401(k) Plan);
Class A Common Stock — 21,816 shares (Direct, null)
Footnotes (1)
Key Figures
J-coded transaction shares: 59 shares
J-coded transaction price: $17.27/share
Direct holdings after transaction: 21,816 shares
+1 more
4 metrics
J-coded transaction shares
59 shares
Class A Common Stock, other acquisition or disposition
J-coded transaction price
$17.27/share
Class A Common Stock, indirect 401(k) holding
Direct holdings after transaction
21,816 shares
Class A Common Stock held directly after Form 4 date
Indirect 401(k) holdings after transaction
5,367 shares
Class A Common Stock held indirectly via 401(k) plan
Key Terms
Form 4, Class A Common Stock, 401(k) Plan, Other acquisition or disposition
4 terms
Form 4 regulatory
"David Benjamin Bawel reported updated holdings of the company’s Class A Common Stock on a 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.
Class A Common Stock financial
"The Form 4 shows one holding entry and one transaction involving 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.
401(k) Plan financial
"The J-coded transaction involves 59 shares 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.
Other acquisition or disposition financial
"The J transaction code indicates an "Other acquisition or disposition" of 59 shares."
FAQ
What insider activity did DGICA executive David Bawel report on this Form 4?
David Benjamin Bawel reported one administrative holding entry and one J-coded "other" transaction involving 59 shares of Class A Common Stock. The activity reflects routine ownership reporting rather than an open-market buy or sell of DONEGAL GROUP INC shares.
What is the significance of the J code on David Bawel’s DGICA Form 4 transaction?
The J transaction code on David Bawel’s Form 4 indicates an "other acquisition or disposition" rather than a standard market trade. In this filing, it applies to 59 shares of Class A Common Stock held indirectly through a 401(k) plan, reflecting administrative ownership changes.