Loar Holdings (LOAR) officer shifts 429,960 shares into living trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Loar Holdings Inc. officer Michael J. Manella filed a Form 4 showing a bona fide gift of 429,960 shares of Common Stock on March 10, 2026. These shares were transferred for no consideration to the Michael J. Manella Living Trust - 2006, where he serves as trustee.
Following the transfer, Manella’s direct holdings in the reported line are shown as zero shares, while 896,531 shares are held indirectly by him as trustee of the living trust. The footnotes state he and his immediate family are the sole beneficiaries and that he remains the beneficial owner, so this reflects an internal estate-planning move rather than a market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
429,960 shares gifted
Mixed
2 txns
Insider
Manella Michael J.
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 429,960 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct);
Common Stock — 896,531 shares (Indirect, By Michael J. Manella as Trustee of the Michael J. Manella Living Trust - 2006)
Footnotes (1)
- Consists of shares owned by Michael J. Manella as Trustee of the Michael J. Manella Living Trust - 2006, 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 Michael J. Manella as Trustee of the Michael J. Manella Living Trust - 2006. 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. On March 10, 2026, the Reporting Person transferred the number of shares reported herein to Michael J. Manella as Trustee of the Michael J. Manella Living Trust - 2006 for no consideration. The Reporting Person is trustee of the trust and the Reporting Person and members of his immediate family are the sole beneficiaries of the trust. The Reporting Person remains the beneficial owner of the securities held by the trust.
FAQ
What did Loar Holdings (LOAR) officer Michael J. Manella report on this Form 4?
He reported a bona fide gift transfer of 429,960 Loar Holdings common shares. The shares were moved from his direct ownership into the Michael J. Manella Living Trust - 2006, an entity where he is trustee and remains the beneficial owner.
What are Michael J. Manella’s Loar Holdings (LOAR) holdings after the reported gift?
After the transfer, the filing shows 896,531 Loar Holdings shares held indirectly through the Michael J. Manella Living Trust - 2006. His direct position on the reported line is zero, but the footnotes state he remains the beneficial owner via the trust.
Does the Loar Holdings (LOAR) Form 4 indicate a market sale by Michael J. Manella?
The filing does not show a market sale; it records a gift transfer of 429,960 shares to a family living trust. The transaction code is G for bona fide gift, and the footnotes clarify he remains the beneficial owner as trustee and beneficiary.