Form 4: Donegal Group Inc. Executive Folmar Reports Stock Transactions
SEC Form 4 Filing
William Albert Folmar, a Senior Vice President at Donegal Group Inc., reported the acquisition and disposal of Class A Common Stock and related options.
Summary
- On May 13, 2025, William Albert Folmar exercised options to acquire 12,576 shares of Class A Common Stock at $14.39 per share and disposed of the same amount at $19.902 per share.
- Following these transactions, Folmar directly owns 950 shares of Class A Common Stock.
- On May 14, 2025, Folmar exercised options to acquire 4,274 shares of Class A Common Stock at $14.39 per share and disposed of the same amount at $19.816 per share.
- Following these transactions, Folmar directly owns 950 shares of Class A Common Stock.
- Folmar also holds options for 1,150 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The transactions are typical for executives who receive stock options as part of their compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 07/01/2022 | Date options exercisable |
| 05/13/2025 | Date of first reported transaction (option exercise and sale) |
| 05/14/2025 | Date of second reported transaction (option exercise and sale) |
| 05/15/2025 | Date of signature by power of attorney |
| 12/16/2026 | Expiration date of options |
Keywords
Form 4, Donegal Group Inc, DGICA, William Albert Folmar, Stock Transactions, Beneficial Ownership, Class A Common Stock, Options, Insider Trading
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