Donegal Group CEO logs 324-share ESPP transaction
Donegal Group Inc. President and CEO Kevin Gerard Burke reported routine updates to his holdings of Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Donegal Group Inc. President and CEO Kevin Gerard Burke reported routine updates to his holdings of Class A Common Stock. A Form 4 shows an Employee Stock Purchase Plan transaction involving 324 shares at $16.031 per share, bringing his direct ownership to 13,870 shares.
He also reported 3,309 shares held indirectly through a 401(k) plan. These entries reflect plan- and benefit-related activity rather than open-market buying or selling.
Insider Trade Summary
Other: 324 shares
Other
2 txns
Insider
BURKE KEVIN GERARD
Role
President & Chief Exec Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 324 | $16.031 | $5K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 13,870 shares (Direct);
Class A Common Stock — 3,309 shares (Indirect, 401(k) Plan)
Footnotes (1)
- F1. Employee Stock Purchase Plan
Key Figures
ESPP shares: 324 shares
ESPP price: $16.031 per share
Direct holdings after transaction: 13,870 shares
+1 more
4 metrics
ESPP shares
324 shares
Employee Stock Purchase Plan transaction on Class A Common Stock
ESPP price
$16.031 per share
Price per share for the 324-share ESPP transaction
Direct holdings after transaction
13,870 shares
Class A Common Stock directly owned by CEO after Form 4
401(k) holdings
3,309 shares
Class A Common Stock held indirectly via 401(k) plan
Key Terms
Employee Stock Purchase Plan, Class A Common Stock, 401(k) Plan, Form 4
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.
401(k) Plan financial
"nature_of_ownership": "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.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Donegal Group (DGICA) report on this Form 4?
Donegal Group reported CEO Kevin Gerard Burke’s routine equity updates. The filing shows an Employee Stock Purchase Plan transaction for 324 Class A shares and a 401(k) holding entry, rather than open-market buying or selling activity, clarifying his current direct and indirect share ownership.
What price was used in the Donegal Group (DGICA) ESPP transaction?
The Employee Stock Purchase Plan transaction involved 324 Class A shares at $16.031 per share. This reflects a plan-based acquisition price rather than an open-market trade and helps quantify the scale and valuation of the most recent stock purchase by the CEO.
Does the Donegal Group (DGICA) Form 4 show open-market insider buying or selling?
The Form 4 does not show open-market buying or selling. Instead, it reports an Employee Stock Purchase Plan transaction coded as an “other” J-type event and a 401(k) holding, indicating routine compensation and retirement-plan activity rather than discretionary market trades.
What does the J transaction code mean in the Donegal Group (DGICA) Form 4?
The J code indicates an “other acquisition or disposition” transaction type. In this Form 4, it is tied to an Employee Stock Purchase Plan entry for 324 shares, signaling structured, plan-based stock activity instead of a straightforward open-market purchase or sale by the CEO.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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