Mandinach Barry M. 4
4 · VIRTUS INVESTMENT PARTNERS, INC. · Filed Jun 17, 2026
Research Summary
AI-generated summary of this filing
Virtus (VRTS) EVP Barry Mandinach Sells Shares
What Happened
Barry M. Mandinach, EVP and Head of Distribution at Virtus Investment Partners (VRTS), sold a total of 5,000 shares in open-market transactions on June 16, 2026. The transactions were: 4,500 shares at a weighted-average price of $144.71 (proceeds $651,195) and 500 shares at a weighted-average price of $145.25 (proceeds $72,625), for combined gross proceeds of approximately $723,820. These were sales (not purchases or option exercises).
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-17 (filed next day; within the usual 2-business-day window).
- Prices/volume: 4,500 shares at $144.71 (weighted avg; range $144.175–$144.818, per footnote F1); 500 shares at $145.25 (weighted avg; range $145.200–$145.270, per footnote F2).
- Shares owned after transaction: not explicitly stated in the provided summary. Filing notes 4,680 RSUs scheduled to vest (2,041 on 3/15/2027; 1,608 on 3/15/2028; 1,031 on 3/15/2029) (footnote F3).
- Footnotes: F1 and F2 explain weighted-average pricing and per-trade price ranges; the reporting person will provide a per-price breakdown on request. F3 lists future RSU vesting amounts.
- Transaction type code: S = Sale (open-market disposition).
Context
These were open-market sales and therefore represent dispositions of stock rather than new purchases or option exercises. Sales by executives can be routine (e.g., for diversification, tax or liquidity needs) and do not by themselves indicate company performance or insider sentiment. The filing appears timely.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-06-16$144.71/sh−4,500$651,195→ 11,315 total - Sale
Common Stock
[F2][F3]2026-06-16$145.25/sh−500$72,625→ 10,815 total
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.175 to $144.818 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.200 to $145.270 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]This number includes (i) 2,041 RSUs that are scheduled to vest on March 15, 2027, (ii) 1,608 RSUs that are scheduled to vest on March 15, 2028, and (iii) 1,031 RSUs that are scheduled to vest on March 15, 2029.