Form 4: Virco Mfg. Corporation CEO Robert Virtue Boosts Stake with Significant Stock Purchase
Insider Transaction Report
Virco Mfg. Corporation's CEO and Director, Robert A. Virtue, acquired 2,000 shares of the company's common stock, increasing his direct beneficial ownership to 488,324 shares.
Summary
- Robert A. Virtue, who serves as CEO, Director, and a 10% owner of Virco Mfg. Corporation (VIRC), reported a transaction.
- On July 14, 2025, Mr. Virtue purchased 2,000 shares of Virco Mfg. Corporation's Common Stock, $.01 par value.
- The acquisition was made at a price of $8.15 per share.
- Following this transaction, Robert A. Virtue directly beneficially owns a total of 488,324 shares of Virco Mfg. Corporation common stock.
Sentiment
Score: 8
Explanation: The purchase of company shares by the CEO and a Director indicates strong insider confidence in the company's current valuation and future performance.
Positives
- CEO Robert A. Virtue's purchase of 2,000 shares signals strong insider confidence in Virco Mfg. Corporation's future prospects and current valuation.
- The transaction increases the alignment of the CEO's personal financial interests with those of the company's shareholders.
- The purchase at $8.15 per share suggests management believes the stock is an attractive investment at this price point.
Related Party Transactions
- Robert A. Virtue, the CEO and a Director of Virco Mfg. Corporation, purchased 2,000 shares of the company's common stock, which constitutes a related party transaction.
Stakeholder Impact
- Shareholders: The insider purchase by the CEO may be perceived as a positive signal, potentially increasing investor confidence and interest in the stock.
- Employees: May boost morale and confidence among employees, as it indicates leadership's belief in the company's stability and future.
Key Dates
| Date | Description |
|---|---|
| 07/14/2025 | Date of transaction for the purchase of 2,000 shares of common stock by Robert A. Virtue. |
| 07/15/2025 | Date of signature by Robert A. Virtue for the SEC Form 4 filing. |
Recommendation
buyKeywords
Virco Mfg Corporation, VIRC, Robert A Virtue, insider trading, stock purchase, CEO, director, common stock, SEC Form 4
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