Loar Holdings officer gifts 429,960 shares to trust
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 429,960 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
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What did Loar Holdings (LOAR) officer Michael J. Manella report on this Form 4?
What are Michael J. Manella’s Loar Holdings (LOAR) holdings after the reported gift?
Does the Loar Holdings (LOAR) Form 4 indicate a market sale by Michael J. Manella?
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