Form 4: Donegal Group Inc. Executive Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Noland Rone Deas Jr., a Senior Vice President at Donegal Group Inc., reports transactions involving Class A Common Stock through a 401(k) plan and dividend reinvestment.
Summary
- Noland Rone Deas Jr., a Senior Vice President of Donegal Group Inc., filed a Form 4 to report changes in beneficial ownership of the company's Class A Common Stock.
- On June 3, 2024, Mr. Deas acquired 7 shares at $13.25 each through a 401(k) plan.
- On August 15, 2024, he acquired 13 shares at $14.92 each through the dividend reinvestment plan.
- Following these transactions, Mr. Deas directly owns 1,451 shares and indirectly owns 1,102 shares through the 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting routine transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small change in ownership.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Acquisition of 7 shares through 401(k) plan at $13.25 per share. |
| 08/15/2024 | Acquisition of 13 shares through dividend reinvestment plan at $14.92 per share. |
| 08/20/2024 | Date of signature on the form. |
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