Cooley Richard Scott 4
Research Summary
AI-generated summary
Diamond Hill (DHIL) Director Richard Cooley Sells 13,829 Shares
What Happened
- Richard Cooley, a director of Diamond Hill Investment Group, Inc., had 13,829 shares disposed of to the issuer on April 22, 2026. The shares were converted at $175.00 per share, producing $2,420,075 in cash as part of the transaction. This was a disposition (conversion) related to the company being acquired, not an open-market sale by the insider.
Key Details
- Transaction date and price: April 22, 2026 — 13,829 shares @ $175.00 each.
- Total proceeds: $2,420,075.
- Transaction type: Disposition to issuer (D) — shares canceled/converted in connection with a merger.
- Shares owned after transaction: Not specified in this filing.
- 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 share (including restricted stock) was canceled and converted into the right to receive $175.00 in cash.
- Filing timeliness: Reported with a period of April 22, 2026 and filing date April 22, 2026; no late-filing indicated.
Context
- This disposition reflects the merger closing and mandatory cash-out of shares rather than a discretionary insider sale; it does not by itself signal the insider's view of future performance.