44,000 Loar (NYSE: LOAR) shares bought by insider family trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Loar Holdings Inc. director and officer Charles Dirkson reported three indirect open-market purchases of Common Stock through the Charles Family Trust 13. Across March 10–12, the trust bought a total of 44,000 shares at prices around $67 per share.
Following these purchases, indirect holdings reported for the trust were 4,087,005 shares of Loar common stock. The filing notes that Dirkson, as trustee, may be deemed to beneficially own these shares but disclaims beneficial ownership beyond his pecuniary interest.
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 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 sold 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 sold 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 sold 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 sold in multiple transactions at prices ranging from $67.19 to $67.50, inclusive.
FAQ
What insider activity did Loar (LOAR) report for Charles Dirkson?
Loar reported that a trust associated with director and officer Charles Dirkson bought 44,000 common shares in open-market transactions. These purchases occurred on March 10, 11, and 12 at prices around $67 per share, increasing the trust’s reported indirect holdings to 4,087,005 shares.
At what prices were the recent Loar (LOAR) insider purchases made?
The reported insider purchases were made at weighted average prices between $67.41 and $67.49 per share. Footnotes explain that each reported price reflects multiple trades within narrow ranges around $67.15–$67.50, executed in the open market over three consecutive trading days.
Were the Loar (LOAR) insider transactions direct or indirect holdings?
All reported transactions involve indirect holdings through the Charles Family Trust 13. The Form 4 classifies ownership as indirect for each trade, with the nature of ownership specifically identified as “By Charles Family Trust 13,” rather than direct personal holdings by Charles Dirkson.