Dividend plan boosts Quest Diagnostics (NYSE: DGX) director stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quest Diagnostics director Robert B. Carter reported a small acquisition of company stock through a dividend reinvestment plan. On April 20, 2026, he acquired 7 shares of common stock at $194.699 per share, bringing his direct holdings to 2,711 shares.
The shares were acquired automatically under a broker-administered dividend reinvestment plan and are eligible for deferred reporting on Form 5 under Rule 16a-6. Carter chose to report this routine transaction early on Form 4.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
CARTER ROBERT B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| L | Common Stock | 7 | $194.699 | $1K |
Holdings After Transaction:
Common Stock — 2,711 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 7 shares
Acquisition price: $194.699 per share
Shares held after transaction: 2,711 shares
3 metrics
Shares acquired
7 shares
Common Stock acquired on April 20, 2026
Acquisition price
$194.699 per share
Price for shares acquired via dividend reinvestment plan
Shares held after transaction
2,711 shares
Direct holdings following the April 20, 2026 acquisition
Key Terms
dividend reinvestment plan, Rule 16a-6, Form 5, Form 4, +1 more
5 terms
dividend reinvestment plan financial
"Reflects shares that were acquired pursuant to a dividend reinvestment plan administered by the reporting person's broker"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Rule 16a-6 regulatory
"eligible for deferred reporting on Form 5 under Rule 16a-6"
Form 5 regulatory
"eligible for deferred reporting on Form 5 under Rule 16a-6"
A Form 5 is an annual report filed with the U.S. securities regulator by company insiders—such as officers, directors and large shareholders—to disclose any equity transactions or holdings that were missed or deferred during the year. Think of it as an end-of-year ledger adjustment that shows final insider ownership and late-reported trades; investors use it to verify insider confidence, detect possible conflicts of interest, and spot unusual patterns in insiders’ buying or selling.
Form 4 regulatory
"The reporting person has chosen to report such transaction early on this 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.
small acquisition financial
"transaction_action: "small acquisition""
FAQ
What insider transaction did Quest Diagnostics (DGX) report for Robert B. Carter?
Robert B. Carter reported a small acquisition of Quest Diagnostics common stock. He obtained 7 shares on April 20, 2026 through a broker-administered dividend reinvestment plan, electing to disclose the transaction early on Form 4 instead of waiting to report it on Form 5.
What does the transaction code "L" mean in this Quest Diagnostics (DGX) Form 4?
The transaction code “L” in this Form 4 indicates a small acquisition under Rule 16a-6. In this case, it covers 7 shares of Quest Diagnostics common stock acquired automatically through a dividend reinvestment plan, a routine mechanism for reinvesting dividends into additional shares.
Why was this Quest Diagnostics (DGX) dividend reinvestment reported on Form 4 instead of Form 5?
The filing notes the shares were eligible for deferred reporting on Form 5 under Rule 16a-6. However, Robert B. Carter chose to report the 7-share dividend reinvestment transaction early on Form 4, providing more timely disclosure of his updated share holdings.