Virtus Dividend, Interest & Premium Strategy Fund (NFJ) insider buys more stock
Rhea-AI Filing Summary
Virtus Dividend, Interest & Premium Strategy Fund (NFJ) director Connie D. McDaniel reported an open-market purchase of 350 shares of Common Stock on 2026-08-20 at $15.67 per share. Following this transaction, McDaniel directly owns 777 shares. The Rule 10b5-1 trading plan checkbox was not marked as applicable.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 350 shares
Net Buy
1 txn
Insider
MCDANIEL CONNIE D
Role
Director
Bought
350 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 350 | $15.67 | $5K |
Holdings After Transaction:
Common Stock — 777 shares (Direct)
Key Figures
Shares purchased: 350 shares of Common Stock
Purchase price: $15.67 per share
Shares owned after transaction: 777 shares
+1 more
4 metrics
Shares purchased
350 shares of Common Stock
Open-market or private purchase on 2026-08-20
Purchase price
$15.67 per share
Price paid for the 350 NFJ shares on 2026-08-20
Shares owned after transaction
777 shares
Total direct ownership by Connie D. McDaniel following the purchase
Net shares bought
350 shares
Net buy activity in this Form 4, with no reported sales
Key Terms
Form 4, open-market or private transaction, Rule 10b5-1
3 terms
Form 4 regulatory
"NFJ disclosed the transaction in a <b>Form 4</b> insider filing."
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.
open-market or private transaction financial
"Identified as a purchase in an <b>open-market or private transaction</b>."
Rule 10b5-1 regulatory
"The <b>Rule 10b5-1</b> trading plan checkbox was not selected."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did NFJ disclose in this Form 4?
NFJ disclosed that director Connie D. McDaniel purchased 350 shares of Common Stock on 2026-08-20 in an open-market or private transaction at $15.67 per share, increasing her direct holdings to 777 shares.
Who is the reporting person in NFJ’s latest Form 4 filing?
The reporting person is Connie D. McDaniel, a director of Virtus Dividend, Interest & Premium Strategy Fund (NFJ). The filing reports her personal trading activity in NFJ Common Stock and her resulting direct ownership position.
Was the NFJ director’s trade made under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 plan checkbox was not selected, meaning the reported purchase of 350 NFJ shares was not affirmed as being executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.