Form 4: Donegal Group Inc. Executive Folmar William Albert Reports Transaction in Class A Common Stock

Senior Vice President Folmar William Albert of Donegal Group Inc. reports the acquisition and disposal of Class A Common Stock on October 31, 2024.

Summary

• On October 31, 2024, Folmar William Albert, a Senior Vice President at Donegal Group Inc., engaged in transactions involving Class A Common Stock.
• Folmar acquired 30,000 shares of Class A Common Stock at a price of $14.98 per share.
• Concurrently, Folmar disposed of 30,000 shares of Class A Common Stock at a price of $15.496 per share.
• Following these transactions, Folmar directly owns 927 shares of Class A Common Stock.
• Folmar also disposed of options for 30,000 shares of Class A Common Stock with an exercise price of $14.98.

Sentiment

Score: 5

Explanation: The document simply reports transactions; there's no inherent positive or negative sentiment. It's a factual disclosure.

Positives

• The reporting person disposed of shares at a higher price ($15.496) than the exercise price of the options ($14.98) and the price at which shares were acquired ($14.98).

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. It is difficult to assess the impact on the broader industry.

Stakeholder Impact

• The transactions could have a minor impact on shareholders, depending on their interpretation of the insider's actions.

Key Dates