Charles Dirkson R 4/A
Research Summary
AI-generated summary
Loar (LOAR) CEO Charles Dirkson Buys 44,000 Shares
What Happened
- Charles Dirkson R, President, Chief Executive Officer and Executive Co‑Chairman of Loar Holdings Inc. (LOAR), bought a total of 44,000 shares in open-market transactions across March 10–12, 2026. The three reported purchases were 3,400 shares at a weighted average $67.41 ($229,194), 4,166 shares at $67.49 ($281,163), and 36,434 shares at $67.45 ($2,457,473), for a combined cash outlay of about $2.97 million. These were purchases (a bullish signal in that the insider added shares), not sales.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-10: 3,400 sh @ $67.41 (weighted average; underlying trades ranged roughly $67.15–$67.50)
- 2026-03-11: 4,166 sh @ $67.49 (weighted average; underlying trades ranged roughly $67.43–$67.50)
- 2026-03-12: 36,434 sh @ $67.45 (weighted average; underlying trades ranged roughly $67.19–$67.50)
- Total purchased: 44,000 shares for approximately $2,967,830.
- Filing status: This is an amended Form 4. The amendment corrects earlier footnote language that mistakenly said "sold" — the original filing had the correct transaction codes indicating purchases.
- Ownership notes: Some reported shares are held by the Charles Family Trust 13, for which Mr. Dirkson is trustee (the filing discloses beneficial interest via the trust and contains a limited beneficial-ownership disclaimer).
- The filing does not indicate a 10b5‑1 plan or any related option exercise or immediate sale — these were straight purchases.
Context
- Purchases by named insiders (executive officers) can be of interest to retail investors as a direct purchase of company stock, but this report only shows the transactions and trust holdings; it does not explain the insider’s motives.
- The amendment fixed descriptive footnotes and did not change the transaction amounts or dates. There is no explicit indication in the provided excerpt that the filing was late.