Quinif Jo Ann 4
4 · DIAMOND HILL INVESTMENT GROUP INC · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Diamond Hill (DHIL) President Jo Ann Quinif Sells Shares for $8.04M
What Happened Jo Ann Quinif, President of DHCM and an insider at Diamond Hill Investment Group, disposed of a total of 45,927 shares on April 22, 2026. The dispositions were made to the issuer at $175.00 per share — 45,111 shares ($7,894,425) and 816 shares ($142,800) — for combined proceeds of $8,037,225. These were dispositions in connection with the company’s acquisition, not routine open‑market sales.
Key Details
- Transaction date: April 22, 2026; Price: $175.00 per share.
- Shares disposed: 45,111 and 816 (total 45,927); Proceeds: $7,894,425 and $142,800 (total $8,037,225).
- Filing notes: The company was acquired by First Eagle Investment Management, LLC under a merger agreement (see footnotes F1–F2).
- Effect on holdings: Per the filing, each issued and outstanding common share (and outstanding restricted stock) was canceled and converted into the right to receive $175.00 in cash — effectively canceling those shares under the merger terms.
- Timeliness: The Form 4 reports the transaction and merger consummation date as April 22, 2026; no late filing is indicated in the report.
Context This was a cash-out disposition resulting from a corporate merger (each share converted into $175 cash). That kind of disposition reflects the merger payout mechanics rather than an insider signaling a view on the company’s future performance through a voluntary market sale.
Insider Transaction Report
- Disposition to Issuer
Common
[F1][F2]2026-04-22$175.00/sh−45,111$7,894,425→ 0 total - Disposition to Issuer
Common
[F1][F2]2026-04-22$175.00/sh−816$142,800→ 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.