Form 4: Western Asset Diversified Income Fund Director Kumar Acquires Additional Shares

Director Nisha Kumar purchased 6,224.511 shares of Western Asset Diversified Income Fund at a weighted average price of $14.46 on April 8, 2024.

Summary

• On April 8, 2024, Nisha Kumar, a director of Western Asset Diversified Income Fund, acquired 6,224.511 shares of common stock at a weighted average price of $14.46.
• The shares were purchased in multiple transactions with prices ranging from $14.43 to $14.47.
• Following the transaction, Ms. Kumar directly owns 9,000 shares and indirectly owns 13,724.511 shares through a family trust.
• A power of attorney was executed on November 29, 2023, granting several individuals the authority to execute SEC filings on behalf of the directors.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a director's share purchase, which is neutral in sentiment.

Positives

• A director's purchase of shares may signal confidence in the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency into the investment decisions of company insiders.

Stakeholder Impact

• The purchase of shares by a director could be viewed positively by shareholders, potentially increasing investor confidence.

Key Dates