BRILLIANT HEATHER E 4
4 · DIAMOND HILL INVESTMENT GROUP INC · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Diamond Hill (DHIL) CEO Heather Brilliant Sells Shares
What Happened Heather E. Brilliant, CEO of Diamond Hill Investment Group (DHIL), had 67,153 shares disposed of to the issuer on April 22, 2026 and received cash consideration of $175.00 per share. The two reported dispositions were 66,680 shares for $11,669,000 and 473 shares for $82,775, for a combined total of $11,751,775 (about $11.75M). The transactions are reported as dispositions to the issuer under the terms of a merger.
Key Details
- Transaction date: April 22, 2026; price: $175.00 per share.
- Shares disposed: 66,680 and 473 (total 67,153); proceeds $11,669,000 and $82,775 (total $11,751,775).
- Transaction code: D — Disposition to issuer (conversion/payment in connection with merger).
- Footnotes: (F1) Diamond Hill was acquired by First Eagle Investment Management, LLC pursuant to a Merger Agreement dated Dec 10, 2025. (F2) Under the Merger Agreement, each outstanding common and restricted share was canceled and converted into the right to receive $175.00 cash.
- Shares owned after transaction: The filing indicates outstanding shares were canceled and converted under the merger; the filing does not show retained common shares afterward.
- Timeliness: Filed same day as the report date (timely).
Context These were not open-market sales but cash-outs tied to a corporate acquisition: all issued and outstanding common and restricted shares were canceled and converted into $175 per share in cash. Such merger-related dispositions reflect the deal consideration rather than an individual trading decision; they should be interpreted as the surrender of stock for merger proceeds, not a typical insider sell signal.
Insider Transaction Report
- Disposition to Issuer
Common
[F1][F2]2026-04-22$175.00/sh−66,680$11,669,000→ 0 total - Disposition to Issuer
Common
[F1][F2]2026-04-22$175.00/sh−473$82,775→ 0 total(indirect: By 401(k))
Footnotes (2)
- [F1]On April 22, 2026, the Company was acquired by First Eagle Investment Management, LLC pursuant to that certain Agreement and Plan of Merger, dated as of December 10, 2025 (the "Merger Agreement"), among Diamond Hill Investment Group, Inc., First Eagle Investment Management, LLC, and Soar Christopher Holdings, Inc.
- [F2]Pursuant to the Merger Agreement, upon the consummation of the merger, each issued and outstanding share of the Company's common stock was canceled and converted into the right to receive $175.00 in cash without interest. In addition, each share of restricted stock that was granted under the Company's 2014 Equity and Cash Incentive Plan, 2022 Equity and Cash Incentive Plan, and 2025 Equity and Cash Incentive Plan that was outstanding immediately prior to the consummation of the merger was canceled and converted into the right to receive $175.00 in cash without interest.