Donegal Group officer sells 8,326 shares
DONEGAL GROUP INC (DGICA) reported that its SVP & Chief Accounting Officer, David Benjamin Bawel, on September 9, 2026 exercised options for 8,326 shares of Class A Common Stock at $14.39 per share and sold the same 8,326 shares at $19.278 per share.
Rhea-AI Filing Summary
DONEGAL GROUP INC (DGICA) reported that its SVP & Chief Accounting Officer, David Benjamin Bawel, on September 9, 2026 exercised options for 8,326 shares of Class A Common Stock at $14.39 per share and sold the same 8,326 shares at $19.278 per share.
The option award was fully exercised, leaving 0 options from that grant, and Bawel continues to hold 5,420 shares indirectly through a 401(k) plan. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 8,326 shares ($41K approx. pre-tax spread)
Exercise and Sale
4 txns
Insider
BAWEL DAVID BENJAMIN
Role
SVP & CHIEF ACCOUNTING OFFICER
Sold
8,326 shs ($161K)
Approx. gross sale proceeds
$161K
Approx. exercise cost
$120K
Approx. pre-tax spread
$41K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options | 8,326 | $14.39 | $120K |
| Exercise | Class A Common Stock | 8,326 | $14.39 | $120K |
| Sale | Class A Common Stock | 8,326 | $19.278 | $161K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 0 contracts (Direct);
Class A Common Stock — 22,331 shares (Direct);
Class A Common Stock — 5,420 shares (Indirect, 401(k) Plan)
Key Figures
Options exercised: 8,326 options
Option exercise price: $14.39 per share
Shares sold: 8,326 shares
+3 more
6 metrics
Options exercised
8,326 options
Options on Class A Common Stock exercised on September 9, 2026
Option exercise price
$14.39 per share
Exercise price of options on Class A Common Stock
Shares sold
8,326 shares
Class A Common Stock sold on September 9, 2026
Sale price
$19.278 per share
Price for sale of Class A Common Stock
Options remaining from grant
0 options
Total options following exercise of 8,326 options
Indirect 401(k) holdings
5,420 shares
Class A Common Stock held indirectly in a 401(k) Plan after transactions
Key Terms
derivative security, Rule 10b5-1 plan, 401(k) Plan
3 terms
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 plan regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
401(k) Plan financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did DGICA report for David Benjamin Bawel?
DONEGAL GROUP reported that David Benjamin Bawel exercised 8,326 options for Class A Common Stock at $14.39 per share and sold 8,326 shares at $19.278 per share on September 9, 2026.
How many DGICA options did the insider exercise and at what price?
David Benjamin Bawel exercised 8,326 options of DONEGAL GROUP Class A Common Stock at an exercise price of $14.39 per share on September 9, 2026.
How many DONEGAL GROUP (DGICA) options remain after this transaction?
After this transaction, the reported option position from the exercised grant is 0 options remaining, indicating that this particular option award was fully exercised.
Was the DGICA insider transaction made under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked, and there is no indication that the September 9, 2026 transactions were made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
