Form 4: Premier Financial Corp Director Lee J. Burdman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Lee J. Burdman reports changes in beneficial ownership of Premier Financial Corp shares due to dividend reinvestment.
Summary
- On April 30, 2024, Lee J. Burdman, a director of Premier Financial Corp, reported changes in beneficial ownership of the company's common shares.
- The changes are due to shares acquired under a dividend reinvestment plan.
- Burdman directly owns 35,484.367 common shares.
- Burdman indirectly owns shares through a 401(k) Plan (8,861.8543 shares), spouse (6,624.5868 shares), Purple Burd Limited Partnership (6,582.153 shares), KB Kidz Limited Partnership (16,206.844 shares), and Marsha Burdman Family Trust (1,238 shares).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reflecting changes in ownership due to dividend reinvestment, which is neither particularly positive nor negative.
Positives
- Increased share ownership by a director can sometimes be viewed positively by investors.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, allowing investors to track changes in ownership.
Stakeholder Impact
- Shareholders may be interested in tracking insider ownership as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction (acquisition of shares through dividend reinvestment). |
| 05/02/2024 | Date of filing the Form 4. |
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