Hebert Michael Jeremiah 4

What Happened
Michael Hebert, CFO and Treasurer of Lord Abbett Municipal Opportunities Fund (MOALX), acquired 7,288.63 shares on Feb 2, 2026. The transaction was coded as a purchase (P) at $10.29 per share, for a total reported cost of $75,000. This was a buy (a direct acquisition), which is typically interpreted as a more informative signal than routine sales.

Key Details

• Transaction date: 2026-02-02; Price: $10.29 per share; Total value: $75,000.
• Transaction type: Purchase (code P) — open market or private purchase.
• Filing date (Form 4): 2026-02-04 (timely — within the standard two business days).
• Shares owned after the transaction: Not specified in the reported excerpt.
• No footnotes, 10b5‑1 plan, or tax-withholding details were indicated in the provided filing excerpt.

Context
Purchases by officers are often highlighted by investors because they represent a direct acquisition of company shares; however, filings do not state motivations. This transaction was a straightforward buy — not an option exercise, gift, or sale — and was reported promptly.