Dividend reinvestment adds shares for DONEGAL (DGICA) director Jack Hess
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DONEGAL GROUP INC director Jack Lee Hess reported a small insider transaction under the company’s Dividend Reinvestment Plan. On this Form 4, a plan-related transaction involving 16 shares of Class A Common Stock at $19.13 per share was recorded as an “other acquisition or disposition.” Following this activity, Hess directly held a total of 122,145 Class A shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HESS JACK LEE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Common Stock | 16 | $19.13 | $306.08 |
Holdings After Transaction:
Class A Common Stock — 122,145 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did DONEGAL GROUP INC (DGICA) report for Jack Lee Hess?
DONEGAL GROUP INC reported a Form 4 for director Jack Lee Hess showing an “other” transaction in 16 Class A Common Stock shares. The activity was associated with a Dividend Reinvestment Plan and was not categorized as a standard buy or sell.
How is Jack Lee Hess’s DONEGAL GROUP INC Form 4 transaction classified?
The transaction for Jack Lee Hess is coded as “J,” meaning “other acquisition or disposition.” It is not categorized as a traditional open-market buy or sell and is instead connected to the company’s Dividend Reinvestment Plan, according to the accompanying footnote.
Is Jack Lee Hess’s DGICA Form 4 transaction part of a Dividend Reinvestment Plan?
Yes. A footnote on the Form 4 identifies the activity as related to a Dividend Reinvestment Plan. This indicates the 16-share transaction in Class A Common Stock reflects automatic reinvestment of dividends rather than a discretionary open-market trade.