Virco (NASDAQ: VIRC) EVP boosts stake with 1,400-share purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Virco Mfg Corporation director and Executive Vice President Douglas A. Virtue bought 1,400 shares of common stock at $6.00 per share in an open-market transaction. Following this purchase, he directly holds 880,580 shares, so the trade modestly increases an already large personal stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,400 shares ($8,400)
Net Buy
1 txn
Insider
VIRTUE DOUGLAS A
Role
Executive Vice President
Bought
1,400 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock $.01 par value | 1,400 | $6.00 | $8K |
Holdings After Transaction:
Common Stock $.01 par value — 880,580 shares (Direct, null)
Footnotes (1)
Key Figures
Shares purchased: 1,400 shares
Purchase price: $6.00 per share
Shares owned after: 880,580 shares
3 metrics
Shares purchased
1,400 shares
Open-market buy of common stock
Purchase price
$6.00 per share
Price paid in the reported transaction
Shares owned after
880,580 shares
Direct holdings following the trade
Key Terms
open-market purchase, Common Stock $.01 par value, direct ownership
3 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Common Stock $.01 par value financial
"security_title: "Common Stock $.01 par value""
direct ownership financial
"ownership_type: "direct", ownership_code: "D""
FAQ
What did Virco (VIRC) Executive Vice President Douglas A. Virtue do in this Form 4?
Douglas A. Virtue reported buying 1,400 shares of Virco common stock. The open-market purchase was made at $6.00 per share and increased his directly held position to 880,580 shares after the transaction.
Was the Virco (VIRC) insider transaction a purchase or a sale?
The transaction was a purchase of Virco common stock. According to the Form 4 data, Virtue executed an open-market buy of 1,400 shares, increasing his direct holdings rather than disposing of shares.