McDonnell Neil Michael 4
Research Summary
AI-generated summary
Isabella Bank (ISBA) President Neil McDonnell Buys 303 Shares
What Happened
- Neil Michael McDonnell, President and Director of Isabella Bank Corporation (ISBA), reported a purchase of 302.541 shares on January 20, 2026 at $49.58 per share, for a total reported cost of $15,000. The transaction is coded as a purchase (Form 4 code P).
Key Details
- Date and price: 2026-01-20 at $49.58 per share.
- Shares purchased: 302.541; total reported value: $15,000.
- Transaction type: Reported as a purchase (P). Filing date (accession): 2026-01-23.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes:
- F1: Shares acquired with director fees under the Isabella Bank Corporation and Related Companies Deferred Compensation Plan for Directors.
- F2: Includes shares acquired through quarterly dividend reinvestment.
- No late-filing flag (transactionTimeliness = 'L') was indicated in the details you provided.
Context
- The filing shows the shares were acquired under a director deferred-compensation arrangement and via dividend reinvestment — routine mechanisms for receiving compensation or dividends in stock. Such acquisitions differ from voluntary open-market purchases by executives and are often part of standard director compensation or dividend programs.