Ohio Valley Banc Corp (OVBC) director adds shares through cash-funded DRIP purchases
Rhea-AI Filing Summary
Ohio Valley Banc Corp director Michael Seth Isaac reported acquiring common shares. On 2026-08-12 he purchased 67.4321 Common Shares at $44.4892 per share in a transaction described as an open market or private purchase, funded as voluntary cash for a dividend reinvestment plan (DRIP). The same day, he also acquired 4.2615 additional Common Shares coded as an “other” transaction, with a footnote stating that ending balances differ from prior reports due to shares acquired under a dividend reinvestment plan. Post-transaction share totals are not stated in this report.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 71.6936 shares
Net Buy
2 txns
Insider
Michael Seth Isaac
Role
Director
Bought
67.4321 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares F1 | 67.4321 | $44.4892 | $3K |
| Other | Common Shares F2 | 4.2615 | $44.4892 | $189.59 |
Holdings After Transaction:
Common Shares — 830.0648 shares (Direct)
Footnotes (2)
- F1. Voluntary Cash for DRIP.
- F2. The ending balance differs from amounts previously reported due to shares acquired under a dividend reinvestment plan.
Key Figures
Primary purchase shares: 67.4321 shares
Purchase price: $44.4892 per share
Other acquired shares: 4.2615 shares
+1 more
4 metrics
Primary purchase shares
67.4321 shares
Common Shares acquired on 2026-08-12 in a P-coded transaction
Purchase price
$44.4892 per share
Price for 67.4321 Common Shares acquired on 2026-08-12
Other acquired shares
4.2615 shares
J-coded “other” acquisition of Common Shares on 2026-08-12
Net buy shares
67.4321 shares
Net buy/sell shares across reported transactions
Key Terms
dividend reinvestment plan, DRIP, Purchase in open market or private transaction, other acquisition or disposition
4 terms
dividend reinvestment plan financial
"shares acquired under a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
DRIP financial
"Voluntary Cash for DRIP."
A DRIP (dividend reinvestment plan) automatically uses cash dividends to buy additional shares of the same company instead of paying the money to the investor. Like using spare change from each paycheck to buy more of something you already own, a DRIP helps holdings grow over time through compounding without requiring the investor to decide each time, which can boost long‑term returns but reduce short‑term cash income.
Purchase in open market or private transaction financial
"transaction described as Purchase in open market or private transaction"
other acquisition or disposition financial
"transaction code description Other acquisition or disposition"
FAQ
What insider transactions did OVBC director Michael Seth Isaac report on 2026-08-12?
Michael Seth Isaac reported acquiring 67.4321 Common Shares at $44.4892 per share and 4.2615 additional shares in an “other” acquisition, both involving a dividend reinvestment plan (DRIP).
What is the significance of the J-coded transaction in OVBC’s Form 4?
The J-coded transaction records the acquisition of 4.2615 Common Shares as an “other acquisition,” with a footnote explaining that the ending balance differs due to shares acquired under a dividend reinvestment plan.
Were OVBC director Michael Seth Isaac’s 2026-08-12 transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and no footnote indicates a trading plan, so the transactions are reported without reference to a pre-arranged 10b5-1 plan.
Does the OVBC Form 4 disclose Michael Seth Isaac’s total holdings after these transactions?
The reported transactions list no total shares following the transactions, so the Form 4 only specifies the acquired amounts, not Michael Seth Isaac’s overall post-transaction holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
