Form 4: AMERISAFE INC Director Michael J. Brown Acquires 1,000 Shares
SEC Form 4 Filing
Director Michael J. Brown purchased 1,000 shares of AMERISAFE INC common stock at $43.52 per share on May 30, 2024.
Summary
- On May 30, 2024, Michael J. Brown, a director of AMERISAFE INC, acquired 1,000 shares of common stock.
- The purchase price was $43.52 per share.
- Following the transaction, Brown directly owns 10,055 shares of AMERISAFE INC.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a stock purchase by a director. While insider buying can be seen as a positive signal, it's a single transaction and doesn't provide strong evidence for a bullish outlook.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like directors and officers, trade their company's stock. These filings provide transparency into insider transactions.
Stakeholder Impact
- The purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/30/2024 | Date of transaction: Michael J. Brown purchased 1,000 shares of AMERISAFE INC common stock. |
| 06/03/2024 | Date of signature: Kathryn H. Shirley, attorney-in-fact for Michael J. Brown, signed the Form 4. |
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