Form 4: Dynatronics Director Erin S. Enright Reports Acquisition of Common Stock via Dividend Reinvestment

Director Erin S. Enright reported the acquisition of Dynatronics Corp common stock through dividend payments on preferred stock.

Summary

• On April 1, 2024, Erin S. Enright, a director of Dynatronics Corp, reported acquiring 144,968 shares of common stock indirectly through a spouse and 29,096 shares indirectly through a family trust.
• These shares were acquired as payment of quarterly dividends on 8% Preferred Stock, valued at 90% of the 10-day average closing bid price.
• Following the transaction, Enright beneficially owns 889,592 shares indirectly through a spouse and 159,704 shares indirectly through a family trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. A director increasing their holdings is generally positive, but this is through a dividend reinvestment, which is a routine event.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future.

Industry Context

Directors acquiring shares through dividend reinvestment plans are common, reflecting alignment with shareholder interests.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

Dynatronics, Director, Enright, Common Stock, Dividend, Preferred Stock, Beneficial Ownership, Form 4