Form 4: DLH Holdings Corp. Director Martin J. Delaney Reports Gift of Shares to Spouse

Sentiment:

SEC Form 4 Filing


Director Martin J. Delaney reported gifting shares of DLH Holdings Corp. common stock to his spouse for estate planning purposes.

Summary

  • On May 9, 2024, Martin J. Delaney, a director of DLH Holdings Corp., gifted 6,544 shares of common stock to his spouse.
  • On July 18, 2024, Martin J. Delaney, a director of DLH Holdings Corp., gifted 191,695 shares of common stock to his spouse.
  • Following these transactions, Delaney directly owns 8,569 shares and indirectly owns 198,239 shares through his spouse.
  • The reported indirect ownership includes 8,569 restricted stock units that vest on September 30, 2024.
  • Delaney disclaims beneficial ownership of the shares held by his spouse, except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a gift of shares for estate planning purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.

Related Party Transactions

  • The gift of shares to the reporting person's spouse is a related party transaction.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the change in beneficial ownership, but it's primarily for estate planning.

Key Dates

DateDescription
05/09/2024Gift of 6,544 shares of common stock to spouse.
07/18/2024Gift of 191,695 shares of common stock to spouse.
07/19/2024Date of Form 4 filing.
09/30/2024Vesting date for 8,569 restricted stock units.

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