Form 4: ICC Holdings CFO Michael R. Smith Reports Acquisition of Shares Through ESOP

Michael R. Smith, CFO of ICC Holdings, Inc., reports the acquisition of 931 shares of common stock through the company's Employee Stock Ownership Plan (ESOP) on March 4, 2024.

Summary

• Michael R. Smith, the Chief Financial Officer of ICC Holdings, Inc. (ICCH), filed a Form 4 with the SEC on March 4, 2024.
• The report details changes in his beneficial ownership of the company's common stock.
• On March 4, 2024, Smith acquired 931 shares of common stock through the company's ESOP at a price of $0.
• Following the transaction, Smith's reported holdings include direct and indirect ownership through ESOP, 401(k), and IRA accounts.
• The filing also includes a Limited Power of Attorney, effective March 1, 2017, granting certain individuals the authority to file SEC forms on Smith's behalf.

Sentiment

Score: 5

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

Positives

• The acquisition of shares through the ESOP could be seen as a positive sign, indicating Smith's alignment with the company's long-term success.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This filing is a routine disclosure related to insider trading and is common for publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• Similar filings are made by executives at comparable companies like State Auto Financial Corporation and Donegal Group Inc., detailing changes in their beneficial ownership.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects changes in insider ownership.

Key Dates