Form 4: Virtus Total Return Fund Inc. Executive Acquires 5,000 Shares
SEC Form 4
William Patrick Bradley III, EVP, CFO and Treasurer of Virtus Total Return Fund Inc., purchased 5,000 shares of common stock at $5.47 per share on May 20, 2024.
Summary
- On May 20, 2024, William Patrick Bradley III, the EVP, CFO, and Treasurer of Virtus Total Return Fund Inc. (ZTR), acquired 5,000 shares of the company's common stock.
- The purchase price was $5.47 per share.
- Following the transaction, Bradley directly owns 9,043 shares of Virtus Total Return Fund Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but the size of the purchase is not significant enough to drastically alter sentiment.
Positives
- An executive's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This purchase aligns with standard practices for executives holding positions in publicly traded companies.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholders, as it signals confidence from a company executive.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of the transaction: William Patrick Bradley III purchased 5,000 shares of Virtus Total Return Fund Inc. common stock. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
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