MORRIS W HOWARD 4

What Happened
Morris W. Howard, a director of Virtus Investment Partners, Inc. (VRTS), made multiple open-market purchases on March 12, 2026, acquiring a total of 4,050 shares for aggregate proceeds of about $524,363. The transactions reported were: 1,900 shares at $129.62 (≈ $246,278), 150 shares at $129.23 (≈ $19,385), and 2,000 shares at $129.35 (≈ $258,700). These were purchases (insider buys), which investors often view as a more informative signal than routine sales.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (filed within the SEC’s 2-business-day reporting deadline).
• Reported per-share prices shown as weighted averages; footnotes indicate transaction price ranges of $129.27–$129.88 and $129.09–$129.36 across the multiple trades. The reporting person offers to provide a full breakdown of shares bought at each separate price on request.
• Total shares bought: 4,050; total reported value ≈ $524,363.
• Shares owned after transaction: Not specified in this filing.
• Notable footnote: the reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest (i.e., he may have economic but not beneficial ownership as defined for Section 16 purposes).

Context
These were straightforward open-market purchases (transaction code P). No options exercises, awards, gifts, or tax-withholding events were reported. For retail investors, purchases by company directors are worth noting because they represent an insider putting personal funds into the stock, but filings do not state the insider’s motivation.