Donegal CFO records ESPP Class A stock transaction
DONEGAL GROUP INC executive vice president and chief financial officer Jeffrey Dean Miller reported an "other" transaction in Class A Common Stock tied to an Employee Stock Purchase Plan.
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Form Type
4
Rhea-AI Filing Summary
DONEGAL GROUP INC executive vice president and chief financial officer Jeffrey Dean Miller reported an "other" transaction in Class A Common Stock tied to an Employee Stock Purchase Plan. The filing records 649 shares at $16.031 per share, bringing his direct Class A holdings to 27,176 shares. He also reports indirect holdings of 41,748 Class A shares and 478 Class B shares through a 401(k) plan, along with 106 Class B shares held directly.
Insider Trade Summary
Other: 649 shares
Other
4 txns
Insider
MILLER JEFFREY DEAN
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 649 | $16.031 | $10K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 27,176 shares (Direct);
Class A Common Stock — 41,748 shares (Indirect, 401(k) Plan);
Class B Common Stock — 478 shares (Indirect, 401(k) Plan);
Class B Common Stock — 106 shares (Direct)
Footnotes (1)
- F1. Employee Stock Purchase Plan
Key Figures
ESPP transaction size: 649 shares
ESPP transaction price: $16.031 per share
Direct Class A holdings: 27,176 shares
+3 more
6 metrics
ESPP transaction size
649 shares
Class A Common Stock, code J other transaction
ESPP transaction price
$16.031 per share
Class A Common Stock transaction
Direct Class A holdings
27,176 shares
Total shares following transaction
Direct Class B holdings
106 shares
Total shares following transaction
Indirect Class A holdings
41,748 shares
401(k) Plan, total shares following transaction
Indirect Class B holdings
478 shares
401(k) Plan, total shares following transaction
Key Terms
Employee Stock Purchase Plan, Class A Common Stock, Class B Common Stock, 401(k) Plan, +1 more
5 terms
Employee Stock Purchase Plan financial
"A footnote labels the transaction "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
"The filing reports transactions in Class A Common Stock on the stated date"
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.
Class B Common Stock financial
"Holdings in Class B Common Stock are reported as direct and indirect positions"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
401(k) Plan financial
"Indirect ownership is reported through a 401(k) Plan for both classes"
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
"The insider activity is disclosed in a Form 4 filing"
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 INC (DGICA) report for Jeffrey Dean Miller?
DONEGAL GROUP INC reported an "other" transaction for EVP and CFO Jeffrey Dean Miller involving 649 shares of Class A Common Stock at $16.031 per share, related to an Employee Stock Purchase Plan, along with updated direct and indirect ownership totals in Class A and Class B shares.
Does the DONEGAL GROUP INC (DGICA) Form 4 show open-market buying or selling?
The Form 4 does not record any open-market buy or sell transactions. It classifies the 649-share Class A transaction as "other" with code J, linked to an Employee Stock Purchase Plan, and includes several holding entries that simply update Miller’s direct and indirect ownership balances.
How are Jeffrey Dean Miller’s indirect DGICA holdings structured in this filing?
Indirect holdings are reported through a 401(k) plan. The filing lists 41,748 shares of Class A Common Stock and 478 shares of Class B Common Stock held indirectly via the plan, distinguishing these retirement-account positions from his directly owned shares in DONEGAL GROUP INC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
