Form 4: ICC Holdings CEO Arron K. Sutherland Reports Share Purchases and Updates Beneficial Ownership

Arron K. Sutherland, President and CEO of ICC Holdings, Inc., filed a Form 4 detailing recent common stock purchases and adjustments to beneficial ownership, including holdings through 401(k), ESOP, and IRA accounts.

Summary

• Arron K. Sutherland, the President and CEO of ICC Holdings, Inc., filed a Form 4 with the SEC.
• The filing reports transactions related to the company's common stock.
• On June 13, 2024, Sutherland purchased 4,969 shares at $22.30 and 6 shares at $22.25.
• The filing also details Sutherland's beneficial ownership, including direct holdings and indirect holdings through a 401(k), ESOP, IRA of spouse, and minor child accounts.
• Sutherland directly owns 19,402.59 shares of common stock.
• He also has indirect ownership through various accounts, including holdings in a 401(k), ESOP, and IRA.
• Kathleen S. Springer, Attorney in Fact, signed the report on June 13, 2024.
• A previous Power of Attorney document was executed on March 1, 2017, granting certain individuals the authority to act on Sutherland's behalf for SEC filings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for company insiders like Arron K. Sutherland to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in the US, similar to filings required of directors and officers in other countries such as Canada (System for Electronic Disclosure by Insiders SEDI) and the UK (Disclosure and Transparency Rules).
• The level of detail disclosed in this Form 4 is consistent with SEC requirements and industry norms for insider transaction reporting.
• Comparable companies in the insurance sector would have similar insider transaction reporting requirements.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key executive.
• It assures stakeholders that insider transactions are being monitored and reported in compliance with regulations.

Key Dates