Form 4: Donegal Group Sr. VP Acquires Stock & RSUs

Donegal Group's Sr. VP & Chief Risk Officer, Christina Marie Hoffman, acquired 77 shares of Class A Common Stock and was granted 3,000 Restricted Stock Units.

Summary

• Christina Marie Hoffman, Senior Vice President & Chief Risk Officer of Donegal Group Inc. (DGICA), reported transactions in company securities.
• On January 2, 2026, Hoffman acquired 77 shares of Class A Common Stock through an Employee Stock Purchase Plan (ESPP) at a price of $16.983 per share.
• Following this transaction, Hoffman directly beneficially owns 4,574 shares of Class A Common Stock.
• On January 1, 2026, Hoffman was granted 3,000 Restricted Stock Units (RSUs).
• Each RSU represents a contingent right to receive one share of Class A Common Stock upon vesting.
• The RSUs vest in three equal annual installments, commencing on the first anniversary of the grant date, contingent on continued service.
• Following the RSU grant, Hoffman directly beneficially owns 3,000 Restricted Stock Units.

Sentiment

Score: 7

Explanation: The acquisition of shares through an ESPP and the grant of Restricted Stock Units to a Senior VP indicate management's continued investment in and alignment with the company's performance, which is generally viewed positively by investors.

Positives

• The acquisition of 77 shares of Class A Common Stock by a Senior VP through an Employee Stock Purchase Plan demonstrates management's continued investment in the company.
• The grant of 3,000 Restricted Stock Units aligns management's long-term interests with shareholder value through equity incentives.

Future Outlook

The Restricted Stock Units are subject to a vesting schedule, with three equal annual installments beginning on the first anniversary of the grant date, contingent on continued service.

Industry Context

Insider transactions, such as those reported in this Form 4, are common across all industries as a mechanism for executive compensation and employee stock ownership plans. They reflect individual management's direct stake in the company's performance.

Related Party Transactions

• Acquisition of 77 shares of Class A Common Stock through an Employee Stock Purchase Plan (ESPP) at $16.983 per share.
• Grant of 3,000 Restricted Stock Units (RSUs) which vest in three equal annual installments, subject to continued service.

Stakeholder Impact

• Shareholders: Increased alignment of management's interests with shareholder value through direct stock ownership and equity incentives.
• Employees (specifically Christina Marie Hoffman): Direct financial benefit and incentive tied to the company's long-term performance.

Next Steps

• The Restricted Stock Units will vest in three equal annual installments, with the first installment occurring on the first anniversary of the January 1, 2026 grant date, subject to continued service.

Key Dates

Keywords

Donegal Group, DGICA, Insider Transaction, Form 4, Employee Stock Purchase Plan, Restricted Stock Units, Equity Compensation, Senior Vice President, Chief Risk Officer