Donegal Group (NASDAQ: DGICA) officer logs Form 4 restructuring transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DONEGAL GROUP INC Senior Vice President and Chief Investment Officer Vincent Anthony Viozzi reported his holdings of Class A Common Stock and an additional "other" transaction. A restructuring-type transaction code J involved 35 shares in a 401(k) Plan at $17.25 per share. Following these entries, he directly holds 8,143 shares and indirectly holds 3,201 shares through the 401(k) Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
VIOZZI VINCENT ANTHONY
Role
Sr. VP & Chief Inv Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 35 | $17.25 | $603.75 |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 3,201 shares (Indirect, 401(k) Plan);
Class A Common Stock — 8,143 shares (Direct, null)
Footnotes (1)
Key Figures
Restructuring transaction shares: 35 shares
Restructuring transaction price: $17.25/share
Direct holdings after transaction: 8,143 shares
+2 more
5 metrics
Restructuring transaction shares
35 shares
Transaction code J, Class A Common Stock in 401(k) Plan
Restructuring transaction price
$17.25/share
Code J other acquisition or disposition on Class A shares
Direct holdings after transaction
8,143 shares
Class A Common Stock held directly after reported entries
Indirect 401(k) holdings after transaction
3,201 shares
Class A Common Stock held indirectly via 401(k) Plan
Restructuring shares in summary
35 shares
transactionSummary restructuringShares tied to code J
Key Terms
Form 4, Class A Common Stock, transaction code J, 401(k) Plan, +1 more
5 terms
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.
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.
transaction code J regulatory
"transaction_code: "J" with description "Other acquisition or disposition""
401(k) Plan financial
"nature_of_ownership: "401(k) Plan" for indirect holdings"
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""
FAQ
What insider activity did DONEGAL GROUP INC (DGICA) report for Vincent Anthony Viozzi?
DONEGAL GROUP INC reported that Vincent Anthony Viozzi filed a Form 4 detailing his Class A Common Stock holdings and an "other" transaction. The filing shows a restructuring-type transaction involving 35 shares in a 401(k) Plan, plus updated direct and indirect share balances.
What does transaction code J mean in the DONEGAL GROUP INC (DGICA) Form 4?
In this Form 4, transaction code J is described as an "Other acquisition or disposition" of securities. The transactionSummary classifies it as a restructuring-type event, covering 35 shares of Class A Common Stock held indirectly through a 401(k) Plan on the reported date.
Is the Form 4 transaction for DONEGAL GROUP INC (DGICA) classified as a buy or sell?
The Form 4 does not classify the activity as a traditional buy or sell. The main reportable event uses transaction code J, labeled "Other acquisition or disposition," and is treated as a restructuring-type transaction rather than a standard market purchase or sale.