Form 4: Dover Director Eric Spiegel Acquires 972 Shares

Dover Corporation Director Eric A. Spiegel acquired 972 shares of common stock at $180.05 per share, increasing his direct beneficial ownership to 11,931 shares.

Summary

• Eric A. Spiegel, a Director of DOVER Corp (DOV), reported an acquisition of 972 shares of common stock.
• The transaction occurred on November 17, 2025, at a price of $180.05 per share.
• These shares represent a grant of deferred stock units, which will be paid out in an equal number of common stock shares upon Mr. Spiegel's termination of services as a director.
• Following this transaction, Mr. Spiegel directly beneficially owns 11,931 shares of DOVER Corp common stock.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, even through a grant, generally indicates confidence in the company's future and aligns management interests with shareholders. This is a routine, positive event.

Positives

• Increased insider ownership: Director Eric A. Spiegel's direct beneficial ownership increased to 11,931 shares, signaling continued alignment with shareholder interests.
• Routine compensation structure: The acquisition represents a grant of deferred stock units, a common form of director compensation, which vests upon termination of service, encouraging long-term commitment.

Industry Context

Insider transactions, particularly grants of equity as part of compensation, are common across industries for directors and executives to align their interests with those of shareholders. This specific transaction for Dover Corp is consistent with typical corporate governance practices for director remuneration.

Stakeholder Impact

• Shareholders: The increase in director ownership may be viewed positively as it aligns the director's financial interests with those of the shareholders.

Key Dates

Keywords

Dover Corp, DOV, Insider Transaction, Form 4, Director Compensation, Deferred Stock Units, Equity Grant