Director-linked trust adds 44,000 Loar Holdings (LOAR) shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Loar Holdings Inc. director and officer Charles Dirkson R, through the Charles Family Trust 13, reported amended insider buying of Common Stock. Over three open-market purchases on March 10–12, the trust bought 44,000 shares at weighted average prices around $67.15–$67.50 per share. Following these transactions, the trust’s indirect holdings increased to 4,087,005 shares of Loar Holdings Common Stock. This Form 4/A corrects prior footnotes that had mistakenly described the transactions as sales and clarifies they were purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 44,000 shares ($2,967,831)
Net Buy
3 txns
Insider
Charles Dirkson R
Role
See Remarks
Bought
44,000 shs ($2.97M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 36,434 | $67.45 | $2.46M |
| Purchase | Common Stock | 4,166 | $67.49 | $281K |
| Purchase | Common Stock | 3,400 | $67.41 | $229K |
Holdings After Transaction:
Common Stock — 4,087,005 shares (Indirect, By Charles Family Trust 13)
Footnotes (1)
- The Reporting Person filed a Form 4 which inadvertently included footnotes stating that the Reporting Person had "sold" stock. The Reporting Person did accurately list the proper transaction code on the original Form 4. As reported in this amendment, the erroneous footnotes have been corrected to indicate that the shares were "purchased." The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (2), (5) and (6) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.15 to $67.50, inclusive. Consists of shares owned by the Charles Family Trust 13, the trustee of which is the Reporting Person. As a result, the Reporting Person may be deemed to have beneficial ownership of the shares held directly by the Charles Family Trust 13. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.43 to $67.50, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $67.19 to $67.50, inclusive.
FAQ
What insider activity did Loar Holdings (LOAR) report in this Form 4/A?
Loar Holdings reported that Charles Dirkson R, via the Charles Family Trust 13, bought 44,000 shares of Common Stock in three open-market transactions, amending a prior filing that had incorrectly described the trades as sales in its footnotes.
What does this Loar Holdings (LOAR) Form 4/A amendment change from the original filing?
The amendment corrects erroneous footnotes in an earlier Form 4 that had stated the reporting person “sold” stock. It confirms the original transaction code was accurate and clarifies that the reported trades were actually purchases of Loar Holdings Common Stock by the Charles Family Trust 13.