Form 4: MidWestOne Director Charles N. Funk Reports Stock Transactions
SEC Form 4 Filing
Charles N. Funk, a director at MidWestOne Financial Group, reported the sale of company stock and holdings within an employee stock ownership plan (ESOP) and a family member's trust.
Summary
- Charles N. Funk, a director of MidWestOne Financial Group, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On May 21, 2024, Funk sold 8 shares of common stock at $22.12 per share.
- On June 5, 2024, Funk sold 1,000 shares of common stock at $20.85 per share.
- On June 6, 2024, Funk sold 8 shares of common stock at $20.85 per share.
- As of April 30, 2024, 7,276.93 shares were allocated to Funk's account within the MidWestOne Financial Group, Inc. Employee Stock Ownership Plan (ESOP).
- Following the reported transactions, Funk directly owns 125,955.554 shares and indirectly owns 4,065 shares through a family member's trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the director's stock sales as an indicator of management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| April 27, 2023 | Date of Power of Attorney granted to Kenneth R. Urmie for Charles N. Funk. |
| April 30, 2024 | Date of allocation of shares to the reporting person's account from within the MidWestOne Financial Group, Inc. Employee Stock Ownership Plan. |
| May 21, 2024 | Date of transaction where 8 shares of common stock were sold at $22.12. |
| June 5, 2024 | Date of transaction where 1,000 shares of common stock were sold at $20.85. |
| June 6, 2024 | Date of transaction where 8 shares of common stock were sold at $20.85. |
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